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Tract on Monetary Reform

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Imagine being contacted by a real estate agent about a 5,000-square-foot house, only to show up and find a home half the size. Off the bat, the prospective purchaser would have very little trust. Of course the above scenario is purely hypothetical given that a foot is a foot. Since its definition is unchanging, 5,000 square feet means the same today as it did 20 years ago. Whatever the level of trust home buyers have in their real estate agents, square footage will never be a factor; that is, unless the length of the foot is allowed to "float," and its length declines. Suddenly, 5,000 square feet could very well mean ...
determined the overall level of economic activity, and that inadequate aggregate demand could lead to prolonged periods of high unemployment. Following the outbreak of World War II , Keynes's ideas concerning economic policy were adopted by leading Western economies. During the 1950s and 1960s, the success of Keynesian economics was so resounding that almost all capitalist governments adopted its policy recommendations, promoting the cause of social liberalism . Keynes's influence waned in the 1970s, partly as a result of problems that began to afflict the Anglo-American economies from the start of the decade, and ...
A Review of Keynes's Tract on Monetary Reform: Hoisted from the ...
[The economy] cannot work properly if the money... assume[d] as a stable measuring rod, is undependable. Unemployment, the precarious life of the worker, the disappointment of expectation, the sudden loss of savings, the excessive windfalls to individuals, the speculator, the profiteer--all proceed, in large measure, from the instability of the standard of value. It is often supposed that the costs of production are threefold... labor, enterprise, and accumulation. But there is a fourth cost, namely, risk; and the reward of risk-bearing is one of the heaviest, and perhaps the most avoidable, burden on ... market research, surveys and trends
The Gold Standard: A Principled Case « Public Discourse
In recent months, we have witnessed fierce arguments between, on the one side, those who defend the current system of “fiat money,” in which, as John Maynard Keynes stated, money “is created and issued by the State, but is not convertible by law into anything other than itself, and has no fixed value in terms of an objective standard,” and, on the other, those who support a return to the gold standard or even privatized money. It is important to remember that monetary policy reflects the state’s choice to prioritize one set of economic possibilities (e.g., long-term monetary stability) over other options (e.g., the government’s ... market research, surveys and trends


Semi-Daily Journal Archive
The Blogspot archive of the weblog of J. Bradford DeLong, Professor of Economics and Chair of the PEIS major at U.C. Berkeley, a Research Associate of the National Bureau of Economic Research, and former Deputy Assistant Secretary of the U.S. Treasury. Atrios is talking about the Kagan family--Yale historian father Donald and neoconservative hack children Fred and Robert. This reminds me that I wrote something about the (relatively) smart one--father Donald--several years ago, back when we were reading his one-volume Peloponnesian War : History as Tragedy: The Peloponnesian War: Hoisted from the Archives : The Thirteen-Year-Old ... industry trends, business articles and survey research
By comparison with past centuries, the twentieth has produced extremes. Its earliest part was a benign continuation of the pax of the 19 th century. But this calm before the storm was followed by World War I, communism, hyperinflation, fascism, depression, genocide, World War II, the atom bomb, and the Soviet occupation of Eastern Europe. There followed a period of comparative stability, punctuated by the balance of terror of the Cold War, the Nato Alliance, and decolonialism. Toward the end of the century the Cold War ended, the Soviet Empire was dismantled, democracy emerged in Eastern Europe, the Pax Americana flourished and ... industry trends, business articles and survey research
Louis and Karen Metro would like very much to acquire some land that they believe the City of Lawrenceburg, Indiana, and the Lawrenceburg Conservancy District promised to convey to them. The option contract their company held, however, was premised on the construction of a flood control project that the City and the District had planned. When that project was abandoned, the District told the Metros that their option could no longer be exercised. This lawsuit, brought under the diversity jurisdiction, asserts that the City and the District breached their contract with the Metros' business. The district court found for the ... market trends, news research and surveys resources
The Labour Movement and Socialist Struggle in Venezuela: An Interview with ...
In mid-June, 2010, we met with Pedro Eusse, National Secretary of the Venezuelan Communist Party (PCV) and part of the provisional executive committee of the labour confederation, Unión Nacional de Trabajadores (National Union of Workers, UNT). Revolutionary figures from times past stared down at us from the paintings hung on the walls in the office of the PCV in central Caracas. Refusing to be interrupted by the constantly ringing phone, Pedro spoke passionately for two hours about the centrality of organized workers in the revolutionary struggle and the need to unite the labour movement. He expressed his hopes for rebuilding ... market trends, news research and surveys resources


J. M. KEYNES: A tract on monetary reform. 209 S. Macmillan
J. M. KEYNES: A tract on monetary reform. 209 S. Macmillan. & Co., London 1923. E. C. ... technology research, surveys study and trend statistics
FRB: Speech--Bernanke, Economic Challenges: Past, Present, and ...
This is a momentous time. During the past two and a half years, our nation has endured the worst global financial crisis since the Great Depression, a crisis that in turn helped cause a deep recession both here and abroad. During some of the worst phases of the crisis, a new depression seemed a real possibility. Fortunately, today the financial crisis looks to be mostly behind us, and the economy seems to have stabilized and is beginning to grow again. But we are far from being out of the woods. Many Americans are still grappling with unemployment or foreclosure, or both. Cities and states are struggling to maintain essential ... technology research, surveys study and trend statistics
John Maynard Keynes
(1936).  This is generally regarded as probably the most influential social science treatise of the 20th Century, in that it quickly and permanently changed the way the world looked at the economy and the role of government in society.  No other single book, before or since, has had quite such an impact. The son of the Cambridge economist and logician John Neville Keynes , John Maynard Keynes was bred in British elite institutions - Eton and then King's College Cambridge.  In 1906, he entered the British civil service for a little while, and then returned to Cambridge in 1909.  Three life-long ...
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Explain how the aggregate expenditures model emerged as a critique ...
In the late 1920s, the world economic system began to break down, after the shaky recovery that followed World War I. With the global drop in production, critics of the gold standard, market self-correction, and production-driven paradigms of economics moved to the fore. Dozens of different schools contended for influence. Further, some pointed to the Soviet Union as a supposedly successful planned economy which had avoided the disasters of the capitalist world and argued for a move toward socialism. Others pointed to the success of fascism in Mussolini's Italy. Into this tumult stepped Keynes, promising not to ...
Origin of "we are all [blank] now" | Ask MetaFilter
What is the origin of the phrase "we are all [blank] now"? The earliest 'famous' usage I'm aware of is Nixon's "we are all Keynesians now," but I don't know if that was really where it started. You might find this Language Log post very interesting. It touches on just this snowclone. Just a quick quote of two early examples: "We are all republicans — we are all federalists." — Thomas Jefferson in his First Inaugural address, 1801 (sent in by Language Hat) "We are all sons of bitches now." — Trinity A-bomb test director Kenneth Bainbridge to Richard Feynman, 1945, according to James Gleick's Genius ...