Tag: Business Cycle

Topics

Books

John Maynard Keynes: 1883-1946

– Schumpeter, Joseph A. "John Maynard Keynes: 1883-1946." American Economic Review. Vol. 36, No. 4 (September, 1946), pp. 495-518.
Excerpt: Explanation is not far to seek. The higher ranges of mathematical economics are in the nature of what is in all fields referred to as “pure science.” Results have… More

We Are All Keynesians Now

– "We Are All Keynesians Now." Time. December 31, 1965.
Excerpt: Concluding his most important book with those words in 1935, John Maynard Keynes was confident that he had laid down a philosophy that would move and change men’s affairs.… More

Essays on John Maynard Keynes

– Milo Keynes (ed.). Essays on John Maynard Keynes. Cambridge, UK: Cambridge University Press, 1980.
From Cambridge University Press: The twenty-eight essays in this fascinating and important collection may be divided into three groups: the first is concerned with Keynes’s early life… More

John Maynard Keynes

– Minsky, Hyman P. John Maynard Keynes. New York: Columbia University Press, 1975.
From the Levy Economics Institute: This reissue of Hyman P. Minsky’s classic book offers a timely reconsideration of the work of economics icon John Maynard Keynes. In it, Minsky… More

Democracy in Deficit: The Political Legacy of Lord Keynes

– Buchanan, James and Richard Wagner. Democracy in Deficit: The Political Legacy of Lord Keynes. New York: Academic Press, 1977.
From Amazon: Democracy in Deficit is one of the early comprehensive attempts to apply the basic principles of public-choice analysis to macroeconomic theory and policy. According to Robert… More

Models and Reality in Economic Discourse

– Bell, Daniel. "Models and Reality in Economic Discourse." Public Interest. Special Issue (1980), pp. 46-80.
Excerpt: For more than 35 years, economic theory – the skein of Cambridge (U.K. and U.S.A.) economics woven by Alfred Marshall, John Maynard Keynes, and Paul Samuelson, has been a… More

Keynesian, New Keynesian, and New Classical Economics

– Greenwald, Bruce C. and Joseph E. Stiglitz. "Keynesian, New Keynesian, and New Classical Economics." National Bureau of Economic Research. Working Paper No. 2160 (February, 1987).
Abstract: Much of the new theory of macro-economics that has been built upon micro-economic models of imperfect information leads to conclusions which are surprisingly close in spirit to… More

Keynes’s Monetary Theory: A Different Interpretation

– Meltzer, Allan H. Keynes's Monetary Theory: A Different Interpretation. Cambridge, UK: Cambridge University Press, 1989.
From Cambridge University Press: In this rigorous study of John Maynard Keynes’s views on economic theory and policy from 1920-1946, Professor Meltzer argues that some of… More

John Maynard Keynes by Milton Friedman

– Friedman, Milton. "John Maynard Keynes." Economic Quarterly. Vol. 83, No. 2 (Spring 1997), pp. 1-23.
From the Federal Reserve Bank of Richmond: One colossus of twentieth-century economics assesses the work and influence of another. Milton Friedman argues that John Maynard Keynes… More

Government Spending Is No Free Lunch

– Barro, Robert J. "Government Spending Is No Free Lunch." Wall Street Journal. January 22, 2009.
Excerpt: What’s the flaw? The theory (a simple Keynesian macroeconomic model) implicitly assumes that the government is better than the private market at marshaling idle resources to… More

The Return of Depression Economics and the Crisis of 2008

– Paul Krugman, The Return of Depression Economics and the Crisis of 2008. New York: W. W. Norton, 2009.
From W. W. Norton: The New York Times bestseller: the Nobel Prize–winning economist shows how today’s crisis parallels the Great Depression — and explains how to avoid catastrophe.… More

Keynes: The Return of the Master by Robert Skidelsky

– Skidelsky, Robert. Keynes: The Return of the Master. New York: PublicAffairs, 2009.
From PublicAffairs: In the debris of the financial crash of 2008, the principles of John Maynard Keynes – that economic storms are a normal part of the market system, that governments… More

It’s All About Spending

– Skidelsky, Robert. "It's All About Spending." EconStories. October 24, 2010.
From EconStories: Is our prosperity derived from a continual circular flow of spending? Is it impossible for a society to increase it’s total savings? Can deficit spending by a… More

When Keynes and Hayek Clashed

– Wapshott, Nicholas and Robert Johnson. "When Keynes and Hayek Clashed." Institute for New Economic Thinking. December 2, 2011.
From the Institute for New Economic Thinking: Keynes and Hayek were defining figures in 20th century economics. In this INET interview, Nicholas Wapshott talks about his book, Keynes Hayek:… More

Keynesian Economics

– "Keynesian Economics." Khan Academy. March 19, 2012.
This video contrasts Keynesian and classical economic thinking.

Risks of Keynesian Thinking

– "Risks of Keynesian Thinking." Khan Academy. March 19, 2012.
This video explains why Keynesian thinking “might not be ideal sometimes.”

The Modern Revolution in Political Economy by James Piereson

– Piereson, James. "John Maynard Keynes and the Modern Revolution in Political Economy." Society. Vol. 49, Iss. 3 (May, 2012), pp. 263-273.
Excerpt: Keynes understood capitalism to be an historical institution that evolved through different phases, with each one calling for new modes of theory and understanding. He wrote… More

Essays

John Maynard Keynes: 1883-1946

– Schumpeter, Joseph A. "John Maynard Keynes: 1883-1946." American Economic Review. Vol. 36, No. 4 (September, 1946), pp. 495-518.
Excerpt: Explanation is not far to seek. The higher ranges of mathematical economics are in the nature of what is in all fields referred to as “pure science.” Results have… More

We Are All Keynesians Now

– "We Are All Keynesians Now." Time. December 31, 1965.
Excerpt: Concluding his most important book with those words in 1935, John Maynard Keynes was confident that he had laid down a philosophy that would move and change men’s affairs.… More

Essays on John Maynard Keynes

– Milo Keynes (ed.). Essays on John Maynard Keynes. Cambridge, UK: Cambridge University Press, 1980.
From Cambridge University Press: The twenty-eight essays in this fascinating and important collection may be divided into three groups: the first is concerned with Keynes’s early life… More

John Maynard Keynes

– Minsky, Hyman P. John Maynard Keynes. New York: Columbia University Press, 1975.
From the Levy Economics Institute: This reissue of Hyman P. Minsky’s classic book offers a timely reconsideration of the work of economics icon John Maynard Keynes. In it, Minsky… More

Democracy in Deficit: The Political Legacy of Lord Keynes

– Buchanan, James and Richard Wagner. Democracy in Deficit: The Political Legacy of Lord Keynes. New York: Academic Press, 1977.
From Amazon: Democracy in Deficit is one of the early comprehensive attempts to apply the basic principles of public-choice analysis to macroeconomic theory and policy. According to Robert… More

Models and Reality in Economic Discourse

– Bell, Daniel. "Models and Reality in Economic Discourse." Public Interest. Special Issue (1980), pp. 46-80.
Excerpt: For more than 35 years, economic theory – the skein of Cambridge (U.K. and U.S.A.) economics woven by Alfred Marshall, John Maynard Keynes, and Paul Samuelson, has been a… More

Keynesian, New Keynesian, and New Classical Economics

– Greenwald, Bruce C. and Joseph E. Stiglitz. "Keynesian, New Keynesian, and New Classical Economics." National Bureau of Economic Research. Working Paper No. 2160 (February, 1987).
Abstract: Much of the new theory of macro-economics that has been built upon micro-economic models of imperfect information leads to conclusions which are surprisingly close in spirit to… More

Keynes’s Monetary Theory: A Different Interpretation

– Meltzer, Allan H. Keynes's Monetary Theory: A Different Interpretation. Cambridge, UK: Cambridge University Press, 1989.
From Cambridge University Press: In this rigorous study of John Maynard Keynes’s views on economic theory and policy from 1920-1946, Professor Meltzer argues that some of… More

John Maynard Keynes by Milton Friedman

– Friedman, Milton. "John Maynard Keynes." Economic Quarterly. Vol. 83, No. 2 (Spring 1997), pp. 1-23.
From the Federal Reserve Bank of Richmond: One colossus of twentieth-century economics assesses the work and influence of another. Milton Friedman argues that John Maynard Keynes… More

Government Spending Is No Free Lunch

– Barro, Robert J. "Government Spending Is No Free Lunch." Wall Street Journal. January 22, 2009.
Excerpt: What’s the flaw? The theory (a simple Keynesian macroeconomic model) implicitly assumes that the government is better than the private market at marshaling idle resources to… More

The Return of Depression Economics and the Crisis of 2008

– Paul Krugman, The Return of Depression Economics and the Crisis of 2008. New York: W. W. Norton, 2009.
From W. W. Norton: The New York Times bestseller: the Nobel Prize–winning economist shows how today’s crisis parallels the Great Depression — and explains how to avoid catastrophe.… More

Keynes: The Return of the Master by Robert Skidelsky

– Skidelsky, Robert. Keynes: The Return of the Master. New York: PublicAffairs, 2009.
From PublicAffairs: In the debris of the financial crash of 2008, the principles of John Maynard Keynes – that economic storms are a normal part of the market system, that governments… More

It’s All About Spending

– Skidelsky, Robert. "It's All About Spending." EconStories. October 24, 2010.
From EconStories: Is our prosperity derived from a continual circular flow of spending? Is it impossible for a society to increase it’s total savings? Can deficit spending by a… More

When Keynes and Hayek Clashed

– Wapshott, Nicholas and Robert Johnson. "When Keynes and Hayek Clashed." Institute for New Economic Thinking. December 2, 2011.
From the Institute for New Economic Thinking: Keynes and Hayek were defining figures in 20th century economics. In this INET interview, Nicholas Wapshott talks about his book, Keynes Hayek:… More

Keynesian Economics

– "Keynesian Economics." Khan Academy. March 19, 2012.
This video contrasts Keynesian and classical economic thinking.

Risks of Keynesian Thinking

– "Risks of Keynesian Thinking." Khan Academy. March 19, 2012.
This video explains why Keynesian thinking “might not be ideal sometimes.”

The Modern Revolution in Political Economy by James Piereson

– Piereson, James. "John Maynard Keynes and the Modern Revolution in Political Economy." Society. Vol. 49, Iss. 3 (May, 2012), pp. 263-273.
Excerpt: Keynes understood capitalism to be an historical institution that evolved through different phases, with each one calling for new modes of theory and understanding. He wrote… More

Commentary

John Maynard Keynes: 1883-1946

– Schumpeter, Joseph A. "John Maynard Keynes: 1883-1946." American Economic Review. Vol. 36, No. 4 (September, 1946), pp. 495-518.
Excerpt: Explanation is not far to seek. The higher ranges of mathematical economics are in the nature of what is in all fields referred to as “pure science.” Results have… More

We Are All Keynesians Now

– "We Are All Keynesians Now." Time. December 31, 1965.
Excerpt: Concluding his most important book with those words in 1935, John Maynard Keynes was confident that he had laid down a philosophy that would move and change men’s affairs.… More

Essays on John Maynard Keynes

– Milo Keynes (ed.). Essays on John Maynard Keynes. Cambridge, UK: Cambridge University Press, 1980.
From Cambridge University Press: The twenty-eight essays in this fascinating and important collection may be divided into three groups: the first is concerned with Keynes’s early life… More

John Maynard Keynes

– Minsky, Hyman P. John Maynard Keynes. New York: Columbia University Press, 1975.
From the Levy Economics Institute: This reissue of Hyman P. Minsky’s classic book offers a timely reconsideration of the work of economics icon John Maynard Keynes. In it, Minsky… More

Democracy in Deficit: The Political Legacy of Lord Keynes

– Buchanan, James and Richard Wagner. Democracy in Deficit: The Political Legacy of Lord Keynes. New York: Academic Press, 1977.
From Amazon: Democracy in Deficit is one of the early comprehensive attempts to apply the basic principles of public-choice analysis to macroeconomic theory and policy. According to Robert… More

Models and Reality in Economic Discourse

– Bell, Daniel. "Models and Reality in Economic Discourse." Public Interest. Special Issue (1980), pp. 46-80.
Excerpt: For more than 35 years, economic theory – the skein of Cambridge (U.K. and U.S.A.) economics woven by Alfred Marshall, John Maynard Keynes, and Paul Samuelson, has been a… More

Keynesian, New Keynesian, and New Classical Economics

– Greenwald, Bruce C. and Joseph E. Stiglitz. "Keynesian, New Keynesian, and New Classical Economics." National Bureau of Economic Research. Working Paper No. 2160 (February, 1987).
Abstract: Much of the new theory of macro-economics that has been built upon micro-economic models of imperfect information leads to conclusions which are surprisingly close in spirit to… More

Keynes’s Monetary Theory: A Different Interpretation

– Meltzer, Allan H. Keynes's Monetary Theory: A Different Interpretation. Cambridge, UK: Cambridge University Press, 1989.
From Cambridge University Press: In this rigorous study of John Maynard Keynes’s views on economic theory and policy from 1920-1946, Professor Meltzer argues that some of… More

John Maynard Keynes by Milton Friedman

– Friedman, Milton. "John Maynard Keynes." Economic Quarterly. Vol. 83, No. 2 (Spring 1997), pp. 1-23.
From the Federal Reserve Bank of Richmond: One colossus of twentieth-century economics assesses the work and influence of another. Milton Friedman argues that John Maynard Keynes… More

Government Spending Is No Free Lunch

– Barro, Robert J. "Government Spending Is No Free Lunch." Wall Street Journal. January 22, 2009.
Excerpt: What’s the flaw? The theory (a simple Keynesian macroeconomic model) implicitly assumes that the government is better than the private market at marshaling idle resources to… More

The Return of Depression Economics and the Crisis of 2008

– Paul Krugman, The Return of Depression Economics and the Crisis of 2008. New York: W. W. Norton, 2009.
From W. W. Norton: The New York Times bestseller: the Nobel Prize–winning economist shows how today’s crisis parallels the Great Depression — and explains how to avoid catastrophe.… More

Keynes: The Return of the Master by Robert Skidelsky

– Skidelsky, Robert. Keynes: The Return of the Master. New York: PublicAffairs, 2009.
From PublicAffairs: In the debris of the financial crash of 2008, the principles of John Maynard Keynes – that economic storms are a normal part of the market system, that governments… More

It’s All About Spending

– Skidelsky, Robert. "It's All About Spending." EconStories. October 24, 2010.
From EconStories: Is our prosperity derived from a continual circular flow of spending? Is it impossible for a society to increase it’s total savings? Can deficit spending by a… More

When Keynes and Hayek Clashed

– Wapshott, Nicholas and Robert Johnson. "When Keynes and Hayek Clashed." Institute for New Economic Thinking. December 2, 2011.
From the Institute for New Economic Thinking: Keynes and Hayek were defining figures in 20th century economics. In this INET interview, Nicholas Wapshott talks about his book, Keynes Hayek:… More

Keynesian Economics

– "Keynesian Economics." Khan Academy. March 19, 2012.
This video contrasts Keynesian and classical economic thinking.

Risks of Keynesian Thinking

– "Risks of Keynesian Thinking." Khan Academy. March 19, 2012.
This video explains why Keynesian thinking “might not be ideal sometimes.”

The Modern Revolution in Political Economy by James Piereson

– Piereson, James. "John Maynard Keynes and the Modern Revolution in Political Economy." Society. Vol. 49, Iss. 3 (May, 2012), pp. 263-273.
Excerpt: Keynes understood capitalism to be an historical institution that evolved through different phases, with each one calling for new modes of theory and understanding. He wrote… More

Multimedia

John Maynard Keynes: 1883-1946

– Schumpeter, Joseph A. "John Maynard Keynes: 1883-1946." American Economic Review. Vol. 36, No. 4 (September, 1946), pp. 495-518.
Excerpt: Explanation is not far to seek. The higher ranges of mathematical economics are in the nature of what is in all fields referred to as “pure science.” Results have… More

We Are All Keynesians Now

– "We Are All Keynesians Now." Time. December 31, 1965.
Excerpt: Concluding his most important book with those words in 1935, John Maynard Keynes was confident that he had laid down a philosophy that would move and change men’s affairs.… More

Essays on John Maynard Keynes

– Milo Keynes (ed.). Essays on John Maynard Keynes. Cambridge, UK: Cambridge University Press, 1980.
From Cambridge University Press: The twenty-eight essays in this fascinating and important collection may be divided into three groups: the first is concerned with Keynes’s early life… More

John Maynard Keynes

– Minsky, Hyman P. John Maynard Keynes. New York: Columbia University Press, 1975.
From the Levy Economics Institute: This reissue of Hyman P. Minsky’s classic book offers a timely reconsideration of the work of economics icon John Maynard Keynes. In it, Minsky… More

Democracy in Deficit: The Political Legacy of Lord Keynes

– Buchanan, James and Richard Wagner. Democracy in Deficit: The Political Legacy of Lord Keynes. New York: Academic Press, 1977.
From Amazon: Democracy in Deficit is one of the early comprehensive attempts to apply the basic principles of public-choice analysis to macroeconomic theory and policy. According to Robert… More

Models and Reality in Economic Discourse

– Bell, Daniel. "Models and Reality in Economic Discourse." Public Interest. Special Issue (1980), pp. 46-80.
Excerpt: For more than 35 years, economic theory – the skein of Cambridge (U.K. and U.S.A.) economics woven by Alfred Marshall, John Maynard Keynes, and Paul Samuelson, has been a… More

Keynesian, New Keynesian, and New Classical Economics

– Greenwald, Bruce C. and Joseph E. Stiglitz. "Keynesian, New Keynesian, and New Classical Economics." National Bureau of Economic Research. Working Paper No. 2160 (February, 1987).
Abstract: Much of the new theory of macro-economics that has been built upon micro-economic models of imperfect information leads to conclusions which are surprisingly close in spirit to… More

Keynes’s Monetary Theory: A Different Interpretation

– Meltzer, Allan H. Keynes's Monetary Theory: A Different Interpretation. Cambridge, UK: Cambridge University Press, 1989.
From Cambridge University Press: In this rigorous study of John Maynard Keynes’s views on economic theory and policy from 1920-1946, Professor Meltzer argues that some of… More

John Maynard Keynes by Milton Friedman

– Friedman, Milton. "John Maynard Keynes." Economic Quarterly. Vol. 83, No. 2 (Spring 1997), pp. 1-23.
From the Federal Reserve Bank of Richmond: One colossus of twentieth-century economics assesses the work and influence of another. Milton Friedman argues that John Maynard Keynes… More

Government Spending Is No Free Lunch

– Barro, Robert J. "Government Spending Is No Free Lunch." Wall Street Journal. January 22, 2009.
Excerpt: What’s the flaw? The theory (a simple Keynesian macroeconomic model) implicitly assumes that the government is better than the private market at marshaling idle resources to… More

The Return of Depression Economics and the Crisis of 2008

– Paul Krugman, The Return of Depression Economics and the Crisis of 2008. New York: W. W. Norton, 2009.
From W. W. Norton: The New York Times bestseller: the Nobel Prize–winning economist shows how today’s crisis parallels the Great Depression — and explains how to avoid catastrophe.… More

Keynes: The Return of the Master by Robert Skidelsky

– Skidelsky, Robert. Keynes: The Return of the Master. New York: PublicAffairs, 2009.
From PublicAffairs: In the debris of the financial crash of 2008, the principles of John Maynard Keynes – that economic storms are a normal part of the market system, that governments… More

It’s All About Spending

– Skidelsky, Robert. "It's All About Spending." EconStories. October 24, 2010.
From EconStories: Is our prosperity derived from a continual circular flow of spending? Is it impossible for a society to increase it’s total savings? Can deficit spending by a… More

When Keynes and Hayek Clashed

– Wapshott, Nicholas and Robert Johnson. "When Keynes and Hayek Clashed." Institute for New Economic Thinking. December 2, 2011.
From the Institute for New Economic Thinking: Keynes and Hayek were defining figures in 20th century economics. In this INET interview, Nicholas Wapshott talks about his book, Keynes Hayek:… More

Keynesian Economics

– "Keynesian Economics." Khan Academy. March 19, 2012.
This video contrasts Keynesian and classical economic thinking.

Risks of Keynesian Thinking

– "Risks of Keynesian Thinking." Khan Academy. March 19, 2012.
This video explains why Keynesian thinking “might not be ideal sometimes.”

The Modern Revolution in Political Economy by James Piereson

– Piereson, James. "John Maynard Keynes and the Modern Revolution in Political Economy." Society. Vol. 49, Iss. 3 (May, 2012), pp. 263-273.
Excerpt: Keynes understood capitalism to be an historical institution that evolved through different phases, with each one calling for new modes of theory and understanding. He wrote… More

Teaching

John Maynard Keynes: 1883-1946

– Schumpeter, Joseph A. "John Maynard Keynes: 1883-1946." American Economic Review. Vol. 36, No. 4 (September, 1946), pp. 495-518.
Excerpt: Explanation is not far to seek. The higher ranges of mathematical economics are in the nature of what is in all fields referred to as “pure science.” Results have… More

We Are All Keynesians Now

– "We Are All Keynesians Now." Time. December 31, 1965.
Excerpt: Concluding his most important book with those words in 1935, John Maynard Keynes was confident that he had laid down a philosophy that would move and change men’s affairs.… More

Essays on John Maynard Keynes

– Milo Keynes (ed.). Essays on John Maynard Keynes. Cambridge, UK: Cambridge University Press, 1980.
From Cambridge University Press: The twenty-eight essays in this fascinating and important collection may be divided into three groups: the first is concerned with Keynes’s early life… More

John Maynard Keynes

– Minsky, Hyman P. John Maynard Keynes. New York: Columbia University Press, 1975.
From the Levy Economics Institute: This reissue of Hyman P. Minsky’s classic book offers a timely reconsideration of the work of economics icon John Maynard Keynes. In it, Minsky… More

Democracy in Deficit: The Political Legacy of Lord Keynes

– Buchanan, James and Richard Wagner. Democracy in Deficit: The Political Legacy of Lord Keynes. New York: Academic Press, 1977.
From Amazon: Democracy in Deficit is one of the early comprehensive attempts to apply the basic principles of public-choice analysis to macroeconomic theory and policy. According to Robert… More

Models and Reality in Economic Discourse

– Bell, Daniel. "Models and Reality in Economic Discourse." Public Interest. Special Issue (1980), pp. 46-80.
Excerpt: For more than 35 years, economic theory – the skein of Cambridge (U.K. and U.S.A.) economics woven by Alfred Marshall, John Maynard Keynes, and Paul Samuelson, has been a… More

Keynesian, New Keynesian, and New Classical Economics

– Greenwald, Bruce C. and Joseph E. Stiglitz. "Keynesian, New Keynesian, and New Classical Economics." National Bureau of Economic Research. Working Paper No. 2160 (February, 1987).
Abstract: Much of the new theory of macro-economics that has been built upon micro-economic models of imperfect information leads to conclusions which are surprisingly close in spirit to… More

Keynes’s Monetary Theory: A Different Interpretation

– Meltzer, Allan H. Keynes's Monetary Theory: A Different Interpretation. Cambridge, UK: Cambridge University Press, 1989.
From Cambridge University Press: In this rigorous study of John Maynard Keynes’s views on economic theory and policy from 1920-1946, Professor Meltzer argues that some of… More

John Maynard Keynes by Milton Friedman

– Friedman, Milton. "John Maynard Keynes." Economic Quarterly. Vol. 83, No. 2 (Spring 1997), pp. 1-23.
From the Federal Reserve Bank of Richmond: One colossus of twentieth-century economics assesses the work and influence of another. Milton Friedman argues that John Maynard Keynes… More

Government Spending Is No Free Lunch

– Barro, Robert J. "Government Spending Is No Free Lunch." Wall Street Journal. January 22, 2009.
Excerpt: What’s the flaw? The theory (a simple Keynesian macroeconomic model) implicitly assumes that the government is better than the private market at marshaling idle resources to… More

The Return of Depression Economics and the Crisis of 2008

– Paul Krugman, The Return of Depression Economics and the Crisis of 2008. New York: W. W. Norton, 2009.
From W. W. Norton: The New York Times bestseller: the Nobel Prize–winning economist shows how today’s crisis parallels the Great Depression — and explains how to avoid catastrophe.… More

Keynes: The Return of the Master by Robert Skidelsky

– Skidelsky, Robert. Keynes: The Return of the Master. New York: PublicAffairs, 2009.
From PublicAffairs: In the debris of the financial crash of 2008, the principles of John Maynard Keynes – that economic storms are a normal part of the market system, that governments… More

It’s All About Spending

– Skidelsky, Robert. "It's All About Spending." EconStories. October 24, 2010.
From EconStories: Is our prosperity derived from a continual circular flow of spending? Is it impossible for a society to increase it’s total savings? Can deficit spending by a… More

When Keynes and Hayek Clashed

– Wapshott, Nicholas and Robert Johnson. "When Keynes and Hayek Clashed." Institute for New Economic Thinking. December 2, 2011.
From the Institute for New Economic Thinking: Keynes and Hayek were defining figures in 20th century economics. In this INET interview, Nicholas Wapshott talks about his book, Keynes Hayek:… More

Keynesian Economics

– "Keynesian Economics." Khan Academy. March 19, 2012.
This video contrasts Keynesian and classical economic thinking.

Risks of Keynesian Thinking

– "Risks of Keynesian Thinking." Khan Academy. March 19, 2012.
This video explains why Keynesian thinking “might not be ideal sometimes.”

The Modern Revolution in Political Economy by James Piereson

– Piereson, James. "John Maynard Keynes and the Modern Revolution in Political Economy." Society. Vol. 49, Iss. 3 (May, 2012), pp. 263-273.
Excerpt: Keynes understood capitalism to be an historical institution that evolved through different phases, with each one calling for new modes of theory and understanding. He wrote… More