Tags: john maynard keynes

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 »

Keynes on Parts and Wholes

June 29th, 2015
in macroeconomics

I never really liked doing jigsaw puzzles as I always found it a bit boring. But many people seem to find it a fascinating endeavor. Whatever you personally think of jigsaw puzzles, however, consider for a moment their aim and their probable payoff. more »

The Final Death and Next Life of Maynard Keynes

It’s of course a great privilege to be here in this role and especially on the occasion of the 75th anniversary of the publication of the General Theory. Two years ago, you may recall, our profession enjoyed a moment of ferment. Economists who had… more »

What Would Keynes Have Said About the Current Stagnation?

Fixing the Economists Article of the Fortnight by Philip Pilkington 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. I… more »

The Returns to Currency Speculation: Evidence from Keynes the Trader

by Olivier Accominotti John Maynard Keynes traded currencies using a discretionary and fundamentals-based strategy. This column shows that he underperformed rules-based carry, momentum and value strategies. The returns to these strategies in the 1920s… more »

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