Discover and read the best of Twitter Threads about #Keynes

Most recents (12)

Pumping her new book - -with a lot of help from the various House Organs of Davos @FT @nytimes, etc, is Madame #MMT herself - @StephanieKelton 1/x
"That means that the government’s -$X is always matched by +$X in some other part of the economy. Balance sheets must balance, after all. The government’s deficit is always mirrored by an equivalent surplus in another part of the economy," here passes for wisdom. 2/x
#MMT
Anyone who tries to argue about how a dynamic system works by taking intermittent snapshots - i.e, by compiling periodic, tautological accounting balances and stopping there - is a simpleton or a charlatan or both.
3/x #MMT
Read 9 tweets
Avui dia de #SantJordi pots adquirir electrònicament el meu darrer llibre #QuèFanElsBancsCentrals en format electrònic al web del @grup62:
👇👇👇👇

ow.ly/sFzS50z68ut
Avui a partir de 2/4 de 9 del matí seré a @elsmatins de @tv3cat per tal comentar què podem esperar del Consell Europeu, que debatrà el paquet econòmic per a la reactivació de la UE.
Moltes gràcies a @elsmatins de @tv3 per convidar-me a valorar què podem esperar de la cimera de la UE d’avui. @ernesturtasun, jo també trobo a faltar debatre amb tu sobre economia, l’euro i els rescats! Bona Diada de #SantJordi !!!!
Read 151 tweets
Hier das #NRW-Expert:innen-Papier, von dem aktuell zu lesen ist👉 ksta.de/blob/36547698/… [PDF]. (ht @tgrdebate )

Ich bin's überflogen & kommentiere "on the fly". 1/n

cc @popp5201 @DominikPietron @EconJena @zukunftsheld @AchimTruger @nymoen_ole @friiyo @SabineNuss @egghat
Auffällig ist:
Bereich Ökonomik...hm... könnte vielfältiger sein.🤨
AN-Vertretung fehlt mE auch.🙄

Laschet/#CDU hätte hier mehr Mut zur Sozialen Irenik von Müller-Armack (wie er es in der Sozialen Marktwirtschaft vorsah) gut zu Gesicht gestanden. 2/n
Das Papier bezieht sich nicht nur auf NRW, sondern will bundesweit gestalten. Dabei werden u.a. die ifo-Vorschläge aufgegriffen (Taskforce). Es klingt auch sehr ähnlich. 3/n
Read 16 tweets
Let's get one thing straight, right now, OK? #JohnMaynardKeynes was not a #socialist. He was a conservative economist called upon to develop govt policy during the Great WWI 1917 & into the Great Depression 1929 - 1936 with British world #capitalist establishment & #USPOD #FDR
He came up with clear thinking on how to deal with #depression. His model called #macroeconomics had nothing to do with the masses, unless of course you are referring to the ability of the poor to spend money on their #Consumption, given to us be their need to survive.
.#Macroeconomics was(is) a model of the economy that says if you want2 take on the inability of #capitalism to destroy itself from its basic #ripoffmentality which we are seeing so clearly at present you have to stand back & look at the economy as a whole, not its various parts.
Read 17 tweets
@dirittofrontier @Acidelius @Comemigirano @nerosolari La vita e la scomparsa del Prof. Nando #Ioppolo ha impressionanti similitudini con quella di un’altro grande economista italiano indimenticabile il Prof. #FedericoCaffé Lui invece scomparso per ragioni ancora da chiarire. Ma entrambi ci spiegavano le malefatte del #capitalismo.😑
@dirittofrontier @Acidelius @Comemigirano @nerosolari #FedericoCaffè, 1977: La mia preoccupazione è che si continui sulla strada del liberismo economico​"
@dirittofrontier @Acidelius @Comemigirano @nerosolari Se i #lavoratori (e non solo loro) volessero approfondire sul tema specifico del #lavoro basterebbe (e avanzerebbe) studiarsi questo immenso... ✅#FedericoCaffé 🇮🇹"La dignità del lavoro." ibs.it/dignita-del-la… anche in ebook unilibro.it/ebook/federico…
Read 15 tweets
Thread 🧵 #Keynes

#JOHNMAYNARDKEYNES

“TEORIA GENERALE DELL’OCCUPAZIONE, DELL’INTERESSE E DELLA MONETA” (1)
Thread 🧵 #Keynes

#JOHNMAYNARDKEYNES

“TEORIA GENERALE DELL’OCCUPAZIONE, DELL’INTERESSE E DELLA MONETA” (2)
Thread 🧵 #Keynes

#JOHNMAYNARDKEYNES

“TEORIA GENERALE DELL’OCCUPAZIONE, DELL’INTERESSE E DELLA MONETA” (3)
Read 9 tweets
Lets talk about John Maynard #Keynes and his #Passion for #Art...
John Maynard #Keynes is perhaps most famous for his 1936 Magnum Opus, The General #Theory of #Employment, #Interest, and #Money in which he argued for a more active role of #FiscalPolicy in #Macroeconomic management...
It is hardly disputable that #Keynes' work, and his subsequent roles during the #BrettonWoods era marked a significant intellectual shift in the way we have come to understand #Economics as a discipline...
Read 11 tweets
My 116 favorite quotes from Money: Sound and Unsound, by Joseph.T. Salerno (2015)
@jtsale @mises #AustrianEconomics #SoundMoney
1. “The idea of sound #money was present from the very beginning of modern monetary theory in the works of the 16th-century Spanish #Scholastics who argued against debasement of the coinage by the king on ethical and economic grounds”
J.T.Salerno
2. “It was #Fisher and not #Keynes who was the true founder of modern macroeconomics with its aggregative reasoning and its central notion of politically managed fiat money”
J.T.Salerno
Read 118 tweets
Öffentliche Investitionen+mangelnde Baukapazitäten. Dazu #Keynes 1942 auf BBC! Zur Frage der Finanzen, John Maynard Keynes: On Air. Murmann 2008: 1/n @SDullien @PeterBofinger @MarterbauerM @tom_krebs_ @michael_huether @jsuedekum @chris_breu @KeineWunder @GustavAHorn @W_Schmidt_
@SDullien @PeterBofinger @MarterbauerM @tom_krebs_ @michael_huether @jsuedekum @chris_breu @KeineWunder @GustavAHorn @W_Schmidt_ Es ging um den Wiederaufbau nach dem Krieg "[...]Langfristig ist fast alles möglich. Haben Sie also keine Angst vor kühnen und groß angelegten Vorhaben. Unsere Pläne sollten ruhig groß und bedeutsam, nur nicht übereilt sein." 2/n
@SDullien @PeterBofinger @MarterbauerM @tom_krebs_ @michael_huether @jsuedekum @chris_breu @KeineWunder @GustavAHorn @W_Schmidt_ "[...] Die Schwierigkeit, das angemessene Tempo der Durchführung des Bauprogramms genau vorherzusagen, ist für die Betroffenen äußerst lästig. Man kann nicht plötzlich ein Baugewerbe aus dem Boden stampfen oder aber [...] auf Eis legen, weil e[s] gerade nicht gebraucht wird." 3/n
Read 6 tweets
John Maynard #Keynes was born on June 5, 1883, and died too early. Here's a few thoughts on why I keep circling back to him, & why his work forces 2 rethink the way we do & teach #economics, esp. #micro. I am sure this (partial) thread will upset someone: apologies in advance. 1/
#Keynes understood that #macroeconomics is about emergent properties: aggregate outcomes that don't make sense 2 the individuals populating the economy. The logic, e.g., of the #IncomeExpenditure model is that an economy can coordinate along any point on the 45-degree line.. 2/
and that, accordingly, we should expect economies to operate with slack. Then you have the #ParadoxofThrift and all that. He also talked about the #ParadoxofCosts when he discusses redistribution to lower income people who have higher propensity to consume... 3/
Read 14 tweets
Un biografo di #Keynes diceva questo: "Egli credeva che non si dovesse trascurare l'indigenza in tutte le sue forme, credeva che con cura e applicazione i nostri mali sociali, le zone di miseria, la disoccupazione potessero essere aboliti, credeva nella programmazione e nella
ingegnosità, una via si sarebbe trovata. Aveva sempre un qualche progetto, la sua energia mentale, i suoi ritrovati erano senza limiti, e se una cosa non si poteva fare in un modo si doveva poter fare in qualche altro.
Ma oltre ad essere per natura un progressivo e un riformatore e a ritenere che con il pensiero, la risolutezza, le cose potessero essere migliorate e sollecitamente, egli era del tutto impaziente verso qualsiasi forma di ostruzionismo".
Read 19 tweets

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