Tags » John Maynard Keynes

US History Unit 05 Research

Research the following groups of terms:

Demand-Side Economic Theory, Hawley-Smoot Tariff, Dawes Plan
Supply-Side Economic Theory, John Maynard Keynes, Hoover Dam, New Deal… 23 more words

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The difficulty lies not so much in developing new ideas as in escaping from old ones.
John Maynard Keynes

#twisdom #creativity


The Fallacy of the Invisible Hand

Probably the most recognized economist in the word, (past, or present) are John Maynard Keynes, and Adam Smith. Smith was responsible for the invisible hand theory which stated that if an individual looked out for their own self-interest, then they would inadvertently help out the community and the individuals. 342 more words


The Law of Supply and Demand

The two most fundamental forces in economics are supply and demand. These two forces link back to all market analysis. Today we’ll look at each of these forces and how the two of them interact. 420 more words

Economic Theory

You could listen to Chancellor Wise on civility...

…or you could listen to John Maynard Keynes:

Words ought to be a little wild, for they are the assaults of thought on the unthinking.

H/t Paul Krugman


The Death of Modern Economics.

On Reuters, we read:

The euro was deep in the red on Friday, having suffered its steepest fall in three years after the European Central Bank stunned markets by cutting interest rates and embarking on a trillion-euro asset-buying binge.

1,171 more words

Is this the dumbest book on economics ever written?

There will have to be a wall of shame for economists who endorsed Keynesian solutions back in 2009 who will need to have their beliefs brought back to haunt them. 796 more words