Macroeconomic Monitor
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кейнсианство

Keynes, war and economic recovery

Many of the policies that our and foreign leaders are proposing in the context of the Covid-19 pandemic can be described as Keynesian, named after the English economist John Maynard Keynes (1883-1946). He was born in Cambridge, UK, his basic education was in mathematics, he listened to lectures on economics from brilliant scholars such as …

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"The Broken Window" - the Most Common Economic Fallacy

It is often observed that incompetent economists are better at spreading their errors among the public than competent economists are at spreading the truth. The reason for this is that bad economists actually introduce people to half-truths. They only talk about the short-term effects that a given policy would have on a specific group of people. To solve this problem …

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John Maynard Keynes and Say's Law

Keynes

Ludwig von Mises, original title in English: "Lord Keynes and Say's law" I Lord Keynes's main contribution to economic thought lies not in the development of new ideas, but in the "escape from the old", as he declares at the end of the preface to his "General Theory". Keynesians tell us that his famous ...

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