Tag Archives: John Maynard Keynes

What is Economics? Read Keynes’ definition

In July 1938, an English economist Roy Harrod sent John Maynard Keynes his lecture “Scope and Method of Economics” which he intended to deliver as a Presidential Address at one of the sections of the British Association. In his reply, after … Continue reading

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Who is an economist? Here is Keynes’ answer

In 1924 John Maynard Keynes wrote an obituary essay for a prominent economist Alfred Marshall, one of the founders of the English neoclassical economics and Keynes’ former tutor and academic patron. In this fascinating piece of work Keynes astoundingly mulls over Marshall’s scholarship and intellectual life. Joseph Schumpeter, in his eulogy of … Continue reading

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Hyman ‪‎Minsky‬: “Today’s narrowly focused financiers do not conform to ‪‎Schumpeter‬’s vision of ‪‎bankers‬ as the ephors of ‪‎capitalism…”

Hyman ‪‎Minsky‬: “Today’s narrowly focused financiers do not conform to ‪‎Schumpeter‬’s vision of ‪‎bankers‬ as the ephors of ‪‎capitalism‬ who assure that ‪‎finance‬ serves progress. Today’s financial structure is more akin to ‪‎Keynes‬’ characterisation of the financial arrangements of advanced … Continue reading

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