February 20, 2009

  • "If you put two economists in a room, you get two opinions, unless one of them is Lord Keynes, in which case you get three opinions."

    Sir Winston Churchill

    source

    So please don't muddle with what qualifies as a 'Keynesian' model.
    It seems, Lord John Maynard Keynes changed his view several times throughout his life.

Comments (4)

  • HOPEFULLY HE IS RIP

  • "If you put two potatoes in a room, you get two potatoes, unless one of them is Edmond, in which case you get three potatoes as he's a double-head-potatoe like a double-cone-ice-cream."

    *no source, sorry*

    So please don't muddle with what qualifies as a "Edmondian" model.
    It seems, a double-head-potatoe, just like a double-cone-ice-cream, is twice as expensive as a single-head.

  • double-ball, sorry

  • Actually all economists are changing their mind all the time. When the critical theory is getting more significant nowadays, the old economy models which emphasize on rational choice and perfect information will surely destine to fall.

    Our society needs more than cost-benefit analysis. Benefits to the bankers / business tycoons / fuckers (or whatever one wishes to name those group of animals) can be costs to the general public. The Keynesian model is only a myth.

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