Continuing on the theme of Keynes, I note that there is an outstanding documentary at the Post Keynesian Economics Study Group on Keynes and his contributions to economics:
John Maynard Keynes – Life – Ideas – Legacy.
From 21.21 in his video, there is remarkable footage of Keynes himself talking about the abolition of the UK’s interwar Gold Standard – or the “Gold Cage,” as he calls it.
This is highly recommended.
Tuesday, April 12, 2011
Monday, April 11, 2011
Mike Whitney on Keynes
A quick post. Counterpunch has a quite good article by Mike Whitney about Keynes and Keynesian economics:
Mike Whitney, “Hating Keynes, The Problem of Unemployment,” Counterpunch.org, April 11, 2011.
Most of his comments seem right to me, especially his emphasis on the role of uncertainty in modern free market systems. Whitney, however, does not mention the development of Keynes’ work in Post Keynesian economics, the macrotheory which should be mainstream economics.
Mike Whitney, “Hating Keynes, The Problem of Unemployment,” Counterpunch.org, April 11, 2011.
Most of his comments seem right to me, especially his emphasis on the role of uncertainty in modern free market systems. Whitney, however, does not mention the development of Keynes’ work in Post Keynesian economics, the macrotheory which should be mainstream economics.
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