Keynes


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Keynes

John Maynard, 1st Baron Keynes. 1883--1946, English economist. In The General Theory of Employment, Interest and Money (1936) he argued that unemployment was characteristic of an unregulated market economy and therefore to achieve a high level of employment it was necessary for governments to manipulate the overall level of demand through monetary and fiscal policies (including, when appropriate, deficit financing). He helped to found the International Monetary Fund and the World Bank
Collins Discovery Encyclopedia, 1st edition © HarperCollins Publishers 2005
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David Martell, Chief Executive of BP Chargemaster, said: "We are delighted to be operating what is now the UK's largest universal rapid charging hub, providing a fantastic, convenient place to charge for drivers travelling within and around Milton Keynes. The eight UK-made Ultracharge rapid chargers join the 300 Fastcharge and 65 rapid chargers that we already operate in the area, which has established itself as a centre of excellence for electric vehicle charging infrastructure."
Had Keynes been Pakistan's finance minister today, he would have serious reservations about present economic policies and would have offered a different prescription for taking Pakistan out of the economic impasse.
Keynes would have made the case that this government has taken an incorrect approach by focusing on reducing fiscal deficit by cutting expenditure as the multiplier effect also works in reverse.
Councillor Peter Marland, leader of Milton Keynes Council, said: "For a long time, we've held aspirations for a bricks and mortar university in MK to attract talented young people and for local students to attend, and this is a significant step towards the creation of MK:U.
Given the severity of their economic disagreements, it is striking that both men called themselves "liberals." Hayek's fierce criticisms of socialism are well-known, yet it is hard to classify Keynes as a socialist--many of his ideas are clearly designed to forestall socialism.
From this standpoint, the struggle between Keynes and Hayek (and their successors) concerns more than economics.
John Toye's book-length examination of Keynes's work on population theory brought two of his most eugenicist writing samples to the attention of scholars after their omission from Keynes's Collected Writings.
We argue for a different interpretation, paralleling Leonard's findings in the American economics profession: Keynes saw both the population's size and hereditary composition as fundamentally prerequisite features of his macroeconomic system at its maturity.
market economist and Keynes critic, wrote that The Economic Consequences
the traditional view, Keynes heroically resigned from the British
After the introduction, Chapter 2 focuses on a specific difficulty of comparing Keynes and Friedman.
Fuller contends that the problem is that, unlike Keynes, I use the supply price of an alternative project to calculate the MEC of a specified project.