Search results
Results from the WOW.Com Content Network
With Keynes writing during the height of liberal capitalism and its collapse during the Great Depression, along with his background in mathematics, his macroeconomic methodology focused significantly on using models to explore demand-side economics and the useful yet volatile nature of liberal capitalism.
John Maynard Keynes, 1st Baron Keynes [3] CB, FBA (/ k eɪ n z / KAYNZ; 5 June 1883 – 21 April 1946), was an English economist and philosopher whose ideas fundamentally changed the theory and practice of macroeconomics and the economic policies of governments.
Keynes's biographer Robert Skidelsky writes that the post-Keynesian school has remained closest to the spirit of Keynes's work in following his monetary theory and rejecting the neutrality of money. [ 100 ] [ 101 ] Today these ideas, regardless of provenance, are referred to in academia under the rubric of "Keynesian economics", due to Keynes's ...
Keynes had some influence on President Roosevelt's 1933–1936 New Deal, though this package was not as radical or as sustained as Keynes had wished. [18] After 1939 Keynes's ideas were adopted in the late 1940s, 1950s, and most of the 1960s, this period had been referred to as the Golden age of capitalism and the Age of Keynes , by others.
John Maynard Keynes (right) and Harry Dexter White at the Bretton Woods Conference in 1944. The post-war displacement of Keynesianism was a series of events which from mostly unobserved beginnings in the late 1940s, had by the early 1980s led to the replacement of Keynesian economics as the leading theoretical influence on economic life in the developed world.
"Communism is the end of the economy as a separate and privileged field on which everything else depends while despising and fearing it. Gilles Dauvé " The political form of a society wherein the proletariat is victorious in overthrowing the bourgeoisie will be a democratic republic.
The introduction begins: "A spectre is haunting Europe—the spectre of communism." [1] Pointing out that it was widespread for politicians—both those in government and those in the opposition—to label their opponents as communists, the authors infer that those in power acknowledge communism to be a power in itself. Subsequently, the ...
Keynesian economics, which attempts a "middle way" between laissez-faire, unadulterated capitalism and state guidance and partial control of economic activity, such as in the French dirigisme or the policies of the Golden Age of Capitalism, attempts to address such crises with the policy of having the state actively supplying the deficiencies ...