Talk:Keynesian economics

Prononuciation of "Keynes"

How to pronounce "Keynes"? Here's a .wav file: http://www.yourdictionary.com/ahd/k/k0046600.html Can someone edit it nicely into the page? I seem to have difficulties with it. (Anonymous 21th June 2006 at 6:10 AM)

What is the 'Free Institute of Economic Research'?

This unaccredited institute has been putting articles on subjects like Welfare Economics, European Union, and related. I have tried to find about them online, to no avail. It is a breach of NPOV to use wikipedia for self-promotion and advance of private agendas. —Preceding unsigned comment added by 130.58.194.209 (talk • contribs)

spending and investment

"If the government increases its spending, then the citizens are encouraged to spend more because more money is in circulation. People will start to invest more, and the economy will climb back up to normal."

that is not even a crude simplification ... it's somewhat wrong

private spending = consumption

private saving = investemt

Gini index and the collapse of planned investment

"To Keynes, excessive saving, i.e. saving beyond planned investment, was a serious problem,
encouraging recession or even depression. Excessive saving results if investment falls, perhaps due
to falling consumer demand, over-investment in earlier years, or pessimistic business expectations,
and if saving does not immediately fall in step, the economy would decline."  

Is it just me, or is the vast difference between wages (labor) and salary (management) creating a vast gulf between "consumer demand" and [not-so-intelligently] "planned investment"? All the money is at the top of the pyramid, looking for dividends and speculative income, and not finding anything safe, as consumer spending cannot create any more investment opportunities than it already has. Consumers are buying all that they have the income to afford, and then spending even more than that through extensions of credit.

Further, I've been reading the original work by Keynes, and how he defines terms like "marginal utility of capital" seems to be grounded entirely in a world-view which now seems archaic. Information and cybernetic economies and business have no place in it, along with "just-in-time" production, and many other phenomena we now take for granted.

I realize that all of this falls easily under "original research", but I consider such observations to be vastly more intelligible and accessible than the material I see in the Criticisms section.

Do you remember when George Bush Sr. was startled by the laser UPC reader at a grocery store? Academic economists and economics continuously remind me of that moment. -- TheLastWordSword (talk) 14:35, 14 August 2011 (UTC)

Removed claim that stagflation has "plagued" Barack Obama

Simply not true. Stagflation requires high unemployment and high inflation at the same time. That has not happened during Obama's presidency. — Preceding unsigned comment added by 75.219.29.34 (talk) 03:44, 20 August 2011 (UTC)

potential resource

http://www.foreignpolicy.com/articles/2011/11/28/the_global_thinkers_20_most_recommended_books?page=0,12

99.19.42.30 (talk) 07:29, 4 December 2011 (UTC) — Preceding unsigned comment added by 99.190.81.65 (talk)

That would be a Further Reading, Keynes: The Return of the Master (2009) by Robert Skidelsky. Recommended by Saskia Sassen and Martin Wolf

99.181.130.209 (talk) 01:09, 5 December 2011 (UTC)