Category Archives: Keynes
The crisis of the western economies is a crisis of economics not of capitalism. — Meghnad Desai in the Financial Express. More: My own view has been for some time that the recession was not a Keynesian one; i.e., it … Continue reading
And the Fat Man. A parable for our times.
A YouTube video.
Keynesian fail – manipulating “aggregate demand” does not equalibrate the supply and demand for inputs
A basic understanding of the price mechanism exposes the pseudo-science of Keynesian economics: It was John Maynard Keynes .. who ultimately succeeded in rehabilitating a view long the preserve of cranks .. He had attempted by a succession of new … Continue reading