Tags » John Maynard Keynes

Osbornomics - the self-perpetuating omnishambles that we can't escape

Osborne’s targeted austerity measures, based entirely on Conservative small state ideology, rather than economic necessity, have established an economic trap. It’s a vicious cycle, because tax cuts to the wealthy, and low, stagnated wages reduce Treasury income, thus increasing the deficit – which is the gap between Treasury income and what is needed for spending. 684 more words

Political Ideology

Keynesian Economics vs. Austrian Economics

The Austrian Insider made this very helpful infographic on the difference between the two most drastically opposed schools of economic thought: the Keynesian School and the Austrian School. (Click the graphic to enlarge)


“In the log run, we are all dead.” – John Maynard Keynes

Random Stuff

‘It was quite a jolly affair’

Such was Quentin Bell’s recollection of Maynard Keynes’ bonfire celebration on the 5th of November the year before the Second World War.

Today, as the sounds of Lewes bonfire spread across the fields to Charleston, images of fireworks, startling bursts of falling light, emerge from the Angelica Garnett Gift. 60 more words

Angelica Garnett Gift

Stiglitz's Gallic delusion

He’s been called “a ‘superstar’ of the Left” who “defaults to leftist ideologies at every turn,” who “offers an old-Keynesian approach to new problems,” who “has assumed the role of social-democratic public-intellectual-in-chief,” who “increasingly labels anyone disagreeing with him as a ‘market fundamentalist’ or a ‘conservative journalist,’” and who’s “ 618 more words


Hayek's Choice In Currency: A Way To Stop Inflation

I have just finished reading Friedrich Hayek’s short essay entitled ‘Choice in Currency’ (1976). I believe that this essay is highly relevant in our current time as we have become witnesses of the emergence of crypto-currencies. 683 more words


The ideal economist

The master-economist must possess a rare combination of gifts…. He must be mathematician, historian, statesman, philosopher — in some degree. He must understand symbols and speak in words.

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Human Evolution