Results for “John Maynard Keynes”

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… light like a talisman. In his essay called Newton, the Man, the early 20" Century Cambridge Don and economic theorist, John Maynard Keynes, said that the Newton of the chapel followed “...certain mystic clues which God had laid about the world to allow a sort of philosopher’s tr...

at 12 (2000) (discussing Robinson v. Maynard

this was the logic provided by Maynard Smith to

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…n, Robert James Spragg, Steven R. Pounian, Kreindler & Kreindler, New York City, Elliot R. Feldman, J. Scott Tarbutton, John M. Popilock, Sean P. Carter, Stephen A. Cozen, Cozen O’Connor (Philadelphia), Philadelphia, PA, for Plaintiffs. David P. Gersch, Arnold & Porter, L.L.P., D...

What matters is return. I don’t have to specify “risk-adjusted” return so long as | describe the collective scale alone. Collective return is implicitly average-risk return. I prioritize it on the reasoning that optimizing employment of people and plant is implicit, and that opti...

Sadly, Keynes’s predictions did not come true. Although productivity did indeed increase, the system—possibly inherent in a market economy—did not result in humans working much shorter hours. Rather, what happened is what the anthropologist and anarchist David Graeber describes a...

although neither Mill nor Keynes used them

was one of the five economists Keynes invited

and will use Keynes’ notation I for both.

Keynes’s predictions did not come true. Although productivity did indeed

cracked and assembled as Keynes said by “the will of a very few”.

Where Keynes and Kuznets and macroeconomic tradition have been right is in reasoning that pay and gross profit, meaning gross of depreciation, sum to the “expenditure” spent on consumption and gross investment. This fact of arithmetic is the logic behind Say’s law: pay plus profi...