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Tag Archives: John Muth
“Practical men, who believe themselves to be quite exempt from any intellectual influences, are usually the slaves of some defunct economist.” ( Keynes, 1935) And thus it began with adherence to Keynes’s central theme: the modern capitalist economy does not … Continue reading
The consequences of John Maynard Keynes.He conceived the economic machinery that runs our lives. His brilliant engine, despite overhauls and tune-ups continues to run erratically. Is it the driver or the roads?… Keynes identified the economic importance of animal spirits. … Continue reading