My Authors
Read all threads
@henryfarrell @zeithistoriker @edbrophy @sarahcareyIRL @alanob2112 @GeoffPMann @EconTalker Keynes is, I think, better than Hobsbawm on this: "Whilst... the enlargement of the functions of government, involved in the task of adjusting to one another the propensity to consume and the inducement to invest, would seem to a nineteenth-century publicist or to a 1/
@henryfarrell @zeithistoriker @edbrophy @sarahcareyIRL @alanob2112 @GeoffPMann @EconTalker contemporary American financier to be a terrific encroachment on individualism. I defend it, on the contrary, both as the only practicable means of avoiding the destruction of existing economic forms in their entirety and as the condition of the successful functioning of 2/
@henryfarrell @zeithistoriker @edbrophy @sarahcareyIRL @alanob2112 @GeoffPMann @EconTalker individual initiative. For if effective demand is deficient... the individual enterpriser... is operating with the odds loaded against him. The game of hazard which he plays is furnished with many zeros, so that... courage and initiative... [must be] supplemented by 3/
@henryfarrell @zeithistoriker @edbrophy @sarahcareyIRL @alanob2112 @GeoffPMann @EconTalker exceptional skill or unusual good fortune. But if effective demand is adequate, average skill and average good fortune will be enough.

The authoritarian state systems of today seem to solve the problem of unemployment at the expense of efficiency and of freedom. It is certain 4/
@henryfarrell @zeithistoriker @edbrophy @sarahcareyIRL @alanob2112 @GeoffPMann @EconTalker that the world will not much longer tolerate the unemployment which, apart from brief intervals of excitement, is associated and in my opinion, inevitably associated with present-day capitalistic individualism. But it may be possible by a right analysis of the problem to 5/
@henryfarrell @zeithistoriker @edbrophy @sarahcareyIRL @alanob2112 @GeoffPMann @EconTalker cure the disease whilst preserving efficiency and freedom. 6/END
Missing some Tweet in this thread? You can try to force a refresh.

Enjoying this thread?

Keep Current with Brad DeLong 🖖🏻

Profile picture

Stay in touch and get notified when new unrolls are available from this author!

Read all threads

This Thread may be Removed Anytime!

Twitter may remove this content at anytime, convert it as a PDF, save and print for later use!

Try unrolling a thread yourself!

how to unroll video

1) Follow Thread Reader App on Twitter so you can easily mention us!

2) Go to a Twitter thread (series of Tweets by the same owner) and mention us with a keyword "unroll" @threadreaderapp unroll

You can practice here first or read more on our help page!

Follow Us on Twitter!

Did Thread Reader help you today?

Support us! We are indie developers!


This site is made by just two indie developers on a laptop doing marketing, support and development! Read more about the story.

Become a Premium Member ($3.00/month or $30.00/year) and get exclusive features!

Become Premium

Too expensive? Make a small donation by buying us coffee ($5) or help with server cost ($10)

Donate via Paypal Become our Patreon

Thank you for your support!