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Há 15 horas · All this is very much in line with John Maynard Keynes’ quip, which has become somewhat of an adage: “When the facts change, I change my mind. What do you do, sir?” Now, for a little context.
Há 4 dias · As I noted in a speech at Cambridge University two months ago, so much of what John Maynard Keynes, himself an optimist, predicted in 1930 has come true. In a hundred years, technological advancements and capital accumulation have delivered eight times higher income per capita, despite the quadrupling of the world’s population; despite wars, genocides, and divisions.
Há 3 dias · When Britain formally went off the Gold Standard in 1931, John Maynard Keynes proclaimed “We have regained our freedom.” Footnote 6 Keynes’s approach to money was grounded in a deep awareness of the relationship between the domestic and international monetary systems.
Há 3 dias · In John Maynard Keynes' theory, some micro-level actions of individuals and firms – if taken collectively – can lead to aggregate macroeconomic outcomes in which the economy operates below its potential output and growth.
- Keynes and Classical Economics
Há 3 dias · John Maynard Keynes expressou sua concordância com Hayek depois de ler seu livro. Ele escreveu a Hayek que: "moral e filosoficamente eu me encontro de acordo com praticamente tudo isso; e não apenas de acordo com ele, mas em um acordo profundamente comovente." 1. Mas Stiglitz certamente não.
Há 2 dias · Thank you very much for inviting me to join this distinguished panel here at the Barclays-CEPR Monetary Policy Forum. It's a pleasure to be here. I feel particularly inspired knowing that we are assembled here just a few blocks away from Gordon Square, where John Maynard Keynes – one of the greatest economic minds of modern times – lived.
Há 2 dias · During the Great Depression of the 1930s, the English mathematician John Maynard Keynes challenged this view, and his theories fundamentally changed mainstream macroeconomics theory and practice. The neoclassic synthesis.
