For economics nerds: fun Keynes vs. Hayek hip hop song on PBS Newshour.
posted by Jacqueline on Dec 18, 2009 - 12 comments

Economist Paul Samuelson - a major proponent of Keynesianism in the United States and the second Nobel Laureate in Economics - has died. [more inside]
posted by l33tpolicywonk on Dec 13, 2009 - 15 comments

Recently, John Michael Greer has been exploring a little known idea of the deceased economist E.F. Schumacher (a student of the oft-discussed Keynes). "Schumacher drew a hard distinction between primary goods and secondary goods. The latter of these includes everything dealt with by conventional economics: the goods and services produced by human labor and exchanged among human beings. The former includes all those things necessary for human life and economic activity that are produced not by human beings, but by nature. Schumacher pointed out that primary goods, as the phrase implies, need to come first in any economic analysis because they supply the preconditions for the production of secondary goods. Renewable resources, he proposed, form the equivalent of income in the primary economy, while nonrenewable resources are the equivalent of capital; to insist that an economic system is sound when it is burning through nonrenewable resources at a rate that will lead to rapid depletion is thus as silly as claiming that a business is breaking even if it’s covering up huge losses by drawing down its bank accounts." [more inside]
posted by symbollocks on Jul 10, 2009 - 14 comments

John Maynard Keynes kept two sex diaries. The second one is a bit mysterious. (via marginal revolution)
posted by wittgenstein on Jan 29, 2008 - 49 comments

How to Reform the Global Financial System by Joseph Stiglitz. Stiglitz--a noted economist and author--takes a look at the recetn history of economic and currency crises, and suggests a novel (but not new) approach: reviving the SDR (special drawing rights) concept originally envisioned by John Maynard Keynes. [more inside]
posted by Ignatius J. Reilly on Aug 7, 2003 - 6 comments