Acton Institute Powerblog Archives

Post Tagged 'john maynard keynes'

April 23, 2024

Brady, Jordan, or Hayek: Who’s the Real GOAT?

Trendy title aside, Tyler Cowen’s new book, GOAT: Who Is the Greatest Economist of All Time and Why Does It Matter?,is a mini masterpiece. Cowen takes the reader on a whirlwind tour of the life and works of the greatest economists of all time (Milton Friedman, John Maynard Keynes, Hayek, J.S. Continue Reading...
March 12, 2019

Free marketers can learn from Keynes, says Samuel Gregg

John Maynard Keynes, 20th century British economist, is best known for his book, “The General Theory of Employment, Interest and Money” (1936), but it was his pointed analysis of the Treaty of Versailles, “Economic Consequences of the Peace,” which first launched him into the public eye. Continue Reading...
July 26, 2017

The political implications of bitcoin

Prior to the publication of John Maynard Keynes’ The General Theory of Employment, Interest, and Money, balanced budgets reflected the received wisdom for governments. By making the case for debt spending in times of recession (and the virtually ignored case for restricting spending in times of growth), Keynes gave political leaders a license to abandon the requirement of balance. Continue Reading...
December 28, 2012

Work, Leisure, and the Search for Daily Meaning

Over at AEIdeas, James Pethokoukis challenges our attitudes about work and leisure by drawing a helpful contrast between economists John Maynard Keynes and Deirdre McCloskey. First, he points to “Economic Possibilities for our Grandchildren,” in which Keynes frames our economic pursuits as a means to a leisurely end: Thus for the first time since his creation man will be faced with his real, his permanent problem-how to use his freedom from pressing economic cares, how to occupy the leisure, which science and compound interest will have won for him, to live wisely and agreeably and well. Continue Reading...
July 27, 2012

When Politics Trump Economics

That seems to be the story, based on what Veronique de Rugy has written at National Review Online. Calling for tax increases in an economic downturn doesn’t make any sense, even under Keynesian theories. Continue Reading...
January 20, 2012

Samuel Gregg: Europe in Demographic Denial

[Thanks to RealClearWorld, ThePulp.it, NewsBusters and PewSitter.com for linking to this commentary.] Over at the American Spectator, Acton Research Director Samuel Gregg points to Europe’s “perceptible inability” to acknowledge some of the deeper dynamics driving its financial crisis. Continue Reading...