Category: "history"

The Great Unwinding: Some Thoughts on the Incoherence of Mainstream Economics

December 12th, 2017
in history, macroeconomics

A recent post by Lord Keynes inspired me to write up some very general thoughts on the state of mainstream economics. Today, I believe, mainstream economics is completely incoherent. What do I mean by that? Well, basically if you are in the mainstream you can pretty much believe in whatever you want these days. more »

‘Uncertainty’ in Contemporary DSGE Modelling: Not Even Wrong

November 17th, 2017
in history, macroeconomics

Confusion of thought and feeling leads to confusion of speech. — John Maynard Keynes more »

The Bankers and the Euro

November 8th, 2017
in history, eurozone and euro, currency / money

18 years after its launching the euro still doesn't work well. An essential element is still lacking to make it a durable currency. Behind the scene the central banks are still keeping it upright with temporary emergency solutions. more »

Is the Keynes Investment Multiplier Actually a Divider?

November 4th, 2017
in aa syndication, history, macroeconomics

British economist John Maynard Keynes transferred Richard Kahn’s employment multiplier into the concept of an investment multiplier. Others used the same formula to arrive at a Gross Domestic Product (GDP) multiplier. Portrayed by Keynesian followers as… more »

What Would Keynes Have Said About the Current Stagnation?

November 3rd, 2017
in history, macroeconomics

Readers may have noted some absence on the blog over the past few days. This is because I am currently writing a book which seems to be sapping all my writerly juices at the moment. more »




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