Discover and read the best of Twitter Threads about #keynes
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@metrikk @shalowaters @ScottAn72778460 @OCpatriot_ @sav_says_ #NazisWereSocialists😲😱🤦♂️ 🧵
jonjayray.tripod.com/hitold.html
jonjayray.tripod.com/hitold.html
Des messages sur Twitter se gaussent de l'idée qu'un État puisse dépenser plus sans forcément s'endetter, ou augmenter le taux d'imposition. C'est pourtant possible par le mécanisme du #multiplicateur keynésien. Essayons de voir cela, en simplifiant bien sur. #Thread
Le principe du multiplicateur a été posé par Richard Kahn, à partir d'intuitions de Nicholas Johannsen, et cela à convaincu #Keynes de corriger son Traité de la monnaie (1931) pour écrire la #Théorie Générale (1936). 2/23 
Ce principe #macroéconomique est aujourd'hui utilisé en pratique et admis dans tous les modèles des grandes institutions (FMI, Banque Mondiale, banques centrales, gouvernements…), mais cette pratique se fait avec réticence, en raison de ses implications théoriques. 3/23
On the #bitcoin standard: Pt 1
- 21 million bitcoins.
There's no economic relevance of the number "21 million".
This is because money supply is an irrelevant metric as long as the monetary medium is infinitely divisible. What really counts is its purchasing power.
- 21 million bitcoins.
There's no economic relevance of the number "21 million".
This is because money supply is an irrelevant metric as long as the monetary medium is infinitely divisible. What really counts is its purchasing power.
If your economics textbook says otherwise, you should burn it at the stake or give "mai suya".
- When Keynesian economists ask how the world would have gotten past the great depression, they fail to accept the fact that not all years are gonna look alike and charts are not ...
- When Keynesian economists ask how the world would have gotten past the great depression, they fail to accept the fact that not all years are gonna look alike and charts are not ...
going to be green on all days. There willl be "market corrections" and new "suppprt lines" but such retracement is only a charge for a new all time high.
The Austrian school explains that the lower price levels was because of the economic boom but with a fixed supply of money.
The Austrian school explains that the lower price levels was because of the economic boom but with a fixed supply of money.
I am flabbergasted to study that South Korea, which has outstanding macroeconomic statistics, is lagging behind other countries in terms of creating jobs for young people!
Why is that?
#CHAEBOL
Why is that?
#CHAEBOL
Actually, Macroeconomic Statistics are not always very helpful.
They give you the overall aggregate picture, which might help look at the larger picture.
What lies underneath that canvas is the real truth.
They give you the overall aggregate picture, which might help look at the larger picture.
What lies underneath that canvas is the real truth.
#India->
Excellent GDP Growth Rate track record since the 1990s opening up of the economy by #Narasimha Rao Govt.
The huge build-up in FOREX Reserves.
Massive growth in #FDI and Portfolio Institutional inflows.
But, the Avg. Indian struggles to find decent work, if any at all.
Excellent GDP Growth Rate track record since the 1990s opening up of the economy by #Narasimha Rao Govt.
The huge build-up in FOREX Reserves.
Massive growth in #FDI and Portfolio Institutional inflows.
But, the Avg. Indian struggles to find decent work, if any at all.
Quand les banques allemandes chargent des taux négatifs à -0.5% à des déposants qui se prennent 4% d'inflation dans la figure, la perte sèche est de 4.5%.
Ce n'est plus l'euthanasie du rentier chère à #Keynes, mais son exécution plutôt.
#Weidmann #BCE @Lagarde
Ce n'est plus l'euthanasie du rentier chère à #Keynes, mais son exécution plutôt.
#Weidmann #BCE @Lagarde
Quand l'#inflation en France est à 2.1%, alors que les salaires stagnent, ce sont les travailleurs qui perdent 1.5% de pouvoir d'achat.
C'est même plus, puisque la part des dépenses en immobilier et en énergie est sous-estimée par l'#INSEE.
C'est même plus, puisque la part des dépenses en immobilier et en énergie est sous-estimée par l'#INSEE.
Les seuls gagnant de la politique de la #BCE sont ceux qui possèdent des obligations, des actions, de l'immobilier, de l'art, des cryptos, etc...
Pour eux c'est la fête 🥳
Pour eux c'est la fête 🥳
Resumen de Amit Bhaduri “Repensar la #EconomíaPolítica. En busca del desarrollo con equidad” (2011) "La economía sin política es muy parecida a Hamlet sin el príncipe de Dinamarca" #EconomíaPolíticaTrabajo #LanarenEkonomiaPolitika #EuskalHerria #Kalecki #Keynes #Marx [HILO]👇👇👇
En "2. Algunas lecciones de los dos sistemas económicos" (pp. 29-39) de la sección “Economía y política en perspectiva histórica” Bhaduri aporta elementos de interés para debate de #SistemasEconómicosComparados #Autogestión #EconomíasSocialistas #EconomíasCapitalistas 2.1/18
Para analizar "el modelo de acumulación socialista" descompone PIB per capita (X/P) en sus tres principales componentes, juntos suponen las fuentes básicas de todos los patrones históricos de desarrollo económico: el ingreso per cápita y producción crecen a largo plazo 2.2/18
Quelques remarques sur la théorie néo-classique du (supposé) #marché du #travail. Chaque année, quand on aborde cette #modélisation avec les élèves, les mêmes erreurs d'interprétations (bien compréhensibles) se rencontrent. #Thread 1/22
Daily Bookmarks to GAVNet 02/24/2021 greeneracresvaluenetwork.wordpress.com/2021/02/24/dai…
The Awful Uncertainty of the Coronavirus Death Toll | The New Yorker
newyorker.com/science/elemen…
#COVID19 #uncertainty #death
newyorker.com/science/elemen…
#COVID19 #uncertainty #death
Climate-friendly foam building insulation may do more harm than good
phys.org/news/2021-02-c…
#insulation #foam #ClimateChange #consequences
phys.org/news/2021-02-c…
#insulation #foam #ClimateChange #consequences
What are the different ways in which banks can reduce and manage different types of risk?
@GARP_Risk @actuarynews @SOActuaries @RiskDotNet
@GARP_Risk @actuarynews @SOActuaries @RiskDotNet
By understanding what risk is in terms of its purported definition?
If you get the definition wrong, you won't understand the technical expression in either theory or practice.
So, get that right first!
If you get the definition wrong, you won't understand the technical expression in either theory or practice.
So, get that right first!
#Risk is a two-sided phenomenon, like a coin!
2. The one side of the coin presents an Opportunity!
2.The another side of the coin presents a Threat!
On which side would you like to do betting?
2. The one side of the coin presents an Opportunity!
2.The another side of the coin presents a Threat!
On which side would you like to do betting?
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
#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
3/x #MMT
Avui dia de #SantJordi pots adquirir electrònicament el meu darrer llibre #QuèFanElsBancsCentrals en format electrònic al web del @grup62:
👇👇👇👇
ow.ly/sFzS50z68ut
👇👇👇👇
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 !!!!
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
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
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
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...
My 116 favorite quotes from Money: Sound and Unsound, by Joseph.T. Salerno (2015)
@jtsale @mises #AustrianEconomics #SoundMoney
@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
J.T.Salerno
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
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/
