Wednesday, June 13, 2012

Keynes, the raise from the dead


Hi everybody, today will talk about John Maynard Keynes. 

Born in England in 1883 and dead in 1946,  was a economist whose ideas profoundly affected the theory and practice of modern macroeconomics, especially from de big depression in 1929, with the black Thursday. In this day the  classic free market theory fall and the hegemony of capitalism fall in darkness. In response, a lot of countries seek alternatives path, encountered the facism, the socialism and the totalitarian regimes.
With the economic collapse, he achieved during the 1950s and 1960s, the success of Keynesian economics resulted in almost all capitalist governments adopting its policy recommendations.
His advice is stimulate the local economy and regulate the free market, controling the economic shock.

His main publications was "The Economic Consequences of the Peace", "A Treatise on Probability", "The Inflation of Currency as a Method of Taxation", but the most  influential work was  "The General Theory of Employment, Interest and Money", published in 1936.

I like Keynes beacuse is a very interesting author and broke broke with a  economic paradigm.



 

1 comment:

  1. Thank you for the post, Cristóbal.

    There are some problems in your writing with coherence. I´ll get back to you in class.

    Unfortunately, you posted late. The last day is Sunday.

    No points. Sorry.

    ReplyDelete