Tag Archives: John Maynard Keynes

The Economic Possibilities for Our Grandchildren John Maynard Keynes (1883-1946)

“When the accumulation of wealth is no longer of high social importance, there will be great changes in the code of morals. We shall be able to rid ourselves of many of the pseudo-moral principles which have hag-ridden us for … Continue reading

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The Economic Theories of Keynes versus Friedman

I was asked in an on line discussion to summarize the different economics approaches of John Maynard Keynes (1883-1946) and Milton Friedman (1912-2006) and I thought the conflict between the two who are so rarely read or understood was an … Continue reading

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Ideas Adjust to the New Facts of Finance by Gillian Tett

Some interesting reflections from Gillian Tett in today’s UK Financial Times: http://www.ft.com/intl/cms/s/0/a5d434b6-6e24-11e3-8dff-00144feabdc0.html?siteedition=intl#axzz2obtyukIr   Eight decades ago, economist John Maynard Keynes reputedly remarked: “When the facts change, I change my mind; what do you do sir?” Investors might do well to … Continue reading

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John Maynard Keynes: Top Ten Conflict Tips

I thought it high time we had one of our Top Ten Conflict Tips from another great thinker, the economist John Maynard Keynes (1883-1946). He is famous I guess for demonstrating that markets aren’t self regulating, that irrational expectations often … Continue reading

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The Bankruptcy of Conservatism by John Maynard Keynes

‘They offer me neither food nor drink — intellectual nor spiritual consolation… [Conservatism] leads nowhere; it satisfies no ideal; it conforms to no intellectual standard, it is not safe, or calculated to preserve from the spoilers that degree of civilisation … Continue reading

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