Tags » John Maynard Keynes

Fiscal stimulus is already on, why doesn’t the govt try lowering taxes?

Media reports suggest that the central government is planning a fiscal stimulus. In simple English, what it basically means is that it is planning to spend more than what it had budgeted for, during this financial year. 1,104 more words


Gratitude and Imagination: Expect nothing and be surprised by everything

It has become something of a platitude to recognize that gratitude is felt most keenly only when there is very little to be grateful of. A starving beggar is grateful even for a crust, an impoverished family is grateful for a steady source of income, and a fatigued worker thinks fondly of rest. 456 more words


An Idea Lives On: Why Defunct Economists Matter

“The ideas of economists and political philosophers, both when they are right and when they are wrong are more powerful than is commonly understood. Indeed, the world is ruled by little else. 593 more words


Recommended Link: how do we get out of this mess?

There was an excellent piece by George Monbiot in the Guardian last Saturday. I meant to share it sooner but got side-tracked by events. What he offers is a secular solution to our dangerous predicament but even so it’s very much along the lines of the Bahá’í spiritual one. 475 more words

Civilisation Building

Yes, Nations Can Spend Their Way Out of Recessions. Sometimes.

The case for government spending during economic slowdowns has been hotly debated for decades. John Maynard Keynes went as far as to suggest that during a recession governments should pay people to do meaningless tasks — such as digging holes in the ground and then filling them up.

Read Here – BloombergView


Job Deletion: A Feature, Not a Bug?

Happy Labor Day.

“We are being afflicted with a new disease of which some readers may not yet have heard the name, but of which they will hear a great deal in the years to come – namely, technological unemployment. 234 more words


Adam Smith

Much is said about Adam Smith in the world of economics.  A Scottish economist from the late 18th century, this gentleman contributed highly to the foundation of modern economics. 317 more words