How To Use Keynesian In A Sentence
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Paying it back with a gradual increase in progressivity and closing loopholes is well within the realm of Keynesian theory.
Matthew Yglesias » Budgeting, Pence-Style
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This leakage dramatically decreases the effectiveness of any Keynesian stimulus.
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As in Keynesian theory, the model posits some degree of short-run nominal rigidity.
New Keynesian Macro in graphs!
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When things fall apart, states still turn to Keynesianism.
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By contrast, Keynesian economists argue that the velocity of circulation is unstable and changes rapidly and may offset changes in the money stock.
Collins Dictionary of Economics
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Until those in Washington turn away from the fraudulent system we have in place due to the universal embracement of keynesian economics it will only continue to get worse.
Gregg defends GOP opposition, says Dems moving too far left
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It is not true that they have tried traditional Keynesian fiscal policy and it hasn't worked.
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I see 1994 all over again, with the realignment occurring, state by state, as more and more people realize that the democractic Keynesian approach to addressing our ecoonomic troubles is a recipie for disaster.
Poll suggests Corzine in trouble
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Instead, the anti-hyperpower position only gets presented by cranks who think the US strategic position is determined by military keynesianism, or who think that the US strategic position is financially unsustainable.
Matthew Yglesias
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The economist disagrees with his interpretation of events and believes Keynesianism is not the best solution.
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Thus arguments for controlling local authorities' spending would appear to weigh even less powerfully within monetarist theory than in Keynesian arguments.
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Ask yourself this question: if Labour were in charge and talking about some remedy involving spending, if the word "Keynesian" was being used, what you have said?
The Economist: Daily news and views
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However critics of Keynesian economics consider that labour markets would clear if government and institutional impediments to greater flexibility were removed.
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The World Bank was actually born in this era of state-led development - it was the Keynesian reaction against the free market.
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The use of some Keynesian terms by Treasury officials does not imply the acceptance of Keynes's precepts.
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In the course of this, for the first time, the Keynesian system gets the full treatment that it deserves, raked from every important angle.
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Was the fiscal constitution corrupted and if so was it by Keynesianism or by corporatism?
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The above brief account throws into sharp relief the essential differences between the Keynesian and classical theories of labour market adjustment.
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He had written a paper proposing a “new” kind of capitalism that was little more than the same old disproved Keynesian, government spending model couched in capitalistic language.
Textbook Omissions, Arnold Kling | EconLog | Library of Economics and Liberty
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Since world war two, economic policy in most western democracies has been based on Keynesian economics.
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For Hayek's critiques of keynesianism see his book; A
WN.com - Business News
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Historically, this process has experienced five stages: mercantilism, laissez faire, infant industry protection, Keynesianism and the strategic trade policy.
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But hope the recovery comes soon for the sake of many, I just don't think the general business sectors are very confident about hiring in this age of faster paced keynesianism and renewed socialism.
Denver Post: News: Breaking: Local
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Because the United States to take the Keynesian state intervention policy after World War II increase in national strength, the world's more powerful position impregnable .
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Its super - Keynesian expansionary response to the global recession has put the economy back into top gear.
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It is also showed that these later views foreran themes that were to be emphasized decades later by heterodox economists, particularly the Post Keynesian ones.
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The above brief account throws into sharp relief the essential differences between the Keynesian and classical theories of labour market adjustment.
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It made the rough and ready assumption that the underlying cure of unemployment would be provided by Keynesian economics.
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Here are super-compact exegeses of the credit crunch, Marxism and Keynesianism, derivatives, the World Bank and IMF, and "green economics".
Et cetera: Steven Poole's non-fiction choice – reviews
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Unlike their forbears, modern-day Keynesians do not argue just for mollification in the rate of deleveraging.
Michael Pento: How Dr. Keynes Killed the Patient
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However critics of Keynesian economics consider that labour markets would clear if government and institutional impediments to greater flexibility were removed.
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The economics practiced by your party is Keynesianism.
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In its 1945 White Paper, Canada was the first western country to adopt Keynesianism formally as state policy.
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Instead of the value of money, economics, in assimilating the Keynesian schema of analysis, discovered another stabilizer, the public sector.
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The empirical debates have to do with such topics as monetarism, Keynesianism, inflation, market structure, rational expectations, and efficient institutions.
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[If you are unfamiliar with the term Keynesian economics, please see the embedded graphics.
Libertarian Blog Place
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In the 1950s Keynesian economic management techniques were employed to try to retain full employment without inflation.
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He defied the deafening clamour for Keynesian stimulus and the dire predictions about the effects of cutting 400,000 public sector jobs.
Times, Sunday Times
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But one should not confuse corporate welfare with a Keynesian stimulus.
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Saying that Keynesian pump-priming is like trickle-down theory is like saying that modern surgical practice is like Medieval theory of bodily humors.
Wonk Room » CNBC: Unemployment Benefits Are A ‘Fraud,’ We’re ‘Paying People Not To Work’
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However, we might pause to speculate how the above formulation of the Keynesian labour supply function came about.
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In particular, the leading schools have been the conservative Keynesians, the Milton Friedman monetarists, and the supply-siders.
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Keynesians argue that they have an indirect and uncertain effect. 2.
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Unfortunately for Republicans, that kind of tightwad economics rightly died in the Keynesian revolution over 70 years ago.
Ian Fletcher: Why the Budget Is the Wrong Thing to Fight About
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The Keynesian consensus view was that the government could be treated exogenously.
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The result was a triumph for Keynesian economics: a vigorous and expanding universe, filled with material objects.
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This disenchantment with Keynesianism provided a propitious environment within which alternative approaches to economic analysis and political management could flourish.
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So, if you mean that (neo -) keynesianism is over and we have a bunch of Taliban left over, that's true, but if you mean that macroeconomics or econometrics is passe, new classicals (e.g.: Sargent, Prescott, Lucas) and new keynesians (e.g. Mankiw) will certainly disagree.
Old-time Macro Religion, Arnold Kling | EconLog | Library of Economics and Liberty
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Some pundits argue that we need to aggressively institute Keynesian policies, while forcing the banks to lend.
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The Keynesian multiplier is nothing more than a misinterpretation of the classical definition of saving to include the hoarding of cash.
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Fiscal discipline is theoretically a laudable goal, though in this case the agreement won't prevent governments from embarking on Keynesian spending sprees as "one-off and temporary measures"—the definition of "one-off" presumably being in the eye of the beholder.
Seventeenth Brussels Washout
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The Keynesian case for tolerating a budget deficit almost made itself.
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I know it is next to impossible to convince any hard nosed liberal or conservative that the current system is broke and Keynesian economics is going to always be a system of big boom and big bust cycles, due to governments involvement.
Think Progress » ThinkFast: April 13, 2010
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At this point the similarity between market economics and Keynesianism becomes apparent.
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China's stimulus took the form of a massive expansion of bank lending, rather than the kind of fiscal spending Westerners typically think of when they hear the word Keynesian.
The Phony Success of China's Stimulus
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Over many recent decades, both Keynesians and monetarists have generally at one time or another favored both fixed and flexible exchange rate regimes.
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As the economic crisis continues to worsen, it will become harder and harder to portray old-school Keynesianism as "change, " and the potential audience for the Austrian message will only grow.
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Temporary, short-term Keynesian actions and interventions were out.
Economics for the Long Run
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The inflationary dislocations caused by the Fed and the War resulted in the depression of 1920, the one you never hear about (because it totally disproves the Keynesians who are congenitally unable to debate – they just name-call).
Matthew Yglesias » Harold Ford Calls for Immediate Tax Cuts, Immediate Deficit Reduction
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That is the essential Keynesian prescription for fighting depressions.
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At issue is the government's post-crisis stimulus spending, and the basic tenets of Keynesianism.
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On monetary and fiscal policy, the Democrats are the classic party of liberal Keynesianism, in contrast to the Republican policy of conservative Keynesianism.
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Euro land is sputtering because its anti-Keynesian fiscal and monetary stance is uncalled for and counterproductive.
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For the past four decades, "Europeanism" has been an amalgam of Keynesian economics, bureaucratic centralization, and welfarism, corporate and social.
Lesson From Europe (Take 2)
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Referring back to the aggregate supply curve derivation in Fig. 10-5, it is that is usually attributed to the Keynesians.
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There are plenty of non-private sector economists that have been very critical of all this senseless neo-keynesianism.
Matthew Yglesias » ABC Can’t Find Economists Who Think the Stimulus Failed
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I probaly should have left them out because they distract from the larger point I was trying to make, which is that in the Keynesian model, which everyone is operating from these days, one can equally stimulate short-run growth through consumption or investment.
Matthew Yglesias » Don’t Knock the Post Office
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Franco Modigliani (1985) was one of the first Keynesians to endorse an expansionary monetary policy like this under conditions of high unemployment.
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Keynesian measures involved no active administrative discrimination between one firm and another or between one person and another.
After Thatcher
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It failed, though Nixon, under the spell of keynesianism, actually instituted the really big welfare reform that threw money and rights at broken communities and encouraged family breakup -- the Aid to Families with Dependent Children programme.
On Thursday, the Legg report will be published along with...
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The Labour Ministers were educated in the language and concepts of Keynesian economics by the academic economists in the government.
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All this is reminiscent of the history of Keynesian economics.
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After all, there would appear to be no less reason to apply the same sort of language to Laskian socialists or Keynesian technocrats.
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This only confirms what common sense and elementary Keynesian theory would lead one to expect.
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Here is a recap of the main points of post-keynesianism.
Winterspeak.com
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The main impact of Keynesian economic stimuli is to increase debt; raise future tax rates and distort the normal functionings of economic markets and personal and corporate decision making.
Think Progress » Pawlenty Falsely Claims ‘Most Credible Economists Say’ Stimulus Is ‘Not Working’
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Without the political achievements of Keynesianism, neoliberalism would be political suicide.
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I mean, it's what I call monetarism for the poor and Keynesianism for the rich.
Democracy Now!
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Professor Samuelson provides us with exact information about the susceptibility of economists to the Keynesian gospel of 1936.
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Topics to be embraced within the LRHQ range from global warming to keynesianism, and from trilateralism to godless bolshevism, and the more irrelevant the issue to which you can attach the LRHQ, the less of it there will be left for the public to give credit any real, actually existing conspiracies.
The libertarian right hoax quotient
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Therefore, China does not need to Keynesian economics, China needs Deng Xiaoping Theory.
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Classical Business Cycle Analysis: Market-Clearing Macroeconomics; Keynesianism: The Macroeconomics of Wage and Price Rigidity.
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Whether you're a Keynesian or a supply-sider, you believe tax cuts stimulate the economy.
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The argument that continued monetary slack is necessary to add millions more jobs scares those of us who are skeptical about the wisdom of Keynesian micromanagement in general.
Interest Rate Debate, Arnold Kling | EconLog | Library of Economics and Liberty
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He will have glanced at Wednesday's data confirming that Britons are enduring a stonking wage cut, and seen that Keynesian logic reaffirmed.
Employment law: the sack race
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You throw the term Keynesian out to make it simple, to dismiss ideas that you cannot grasp.
LJWorld.com stories: News
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The economists Clower and Leijonhufvud have argued that a distinction needs to be drawn between Keynesian economics and the economics of Keynes.
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The president of the United States, Barack Obama, and his team, since he came into office and had to deal with financial crisis, has been dealing out of an exclusively Keynesian construct, which is to say, you create, or try to create, an enormous amount of demand to raise the economy.
High Tea
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Touting Keynesian economics with politicians pulling the levers is like promoting the benefits of moderate consumption of red wine to an alcoholic.
The Volokh Conspiracy » Bloggers agree: Little chance for immigration bill, and they hate the VAT
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What's far worse is the phenomenon of the inflationary recession that Keynesians are always trying to foist upon us.
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But for the last twenty-five years, economists have criticized Keynesian stimuli the way pigeons criticize statues.
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Mainstream Keynesian economics is facing its last hurrah.
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His views on the kind of action which would be needed changed as he was educated in Keynesian economics after 1942.
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The advent of Keynesian economics in the post-Second World War period has seen taxation used as a tool of macro-economic policy with rates varied as a stabilizer against economic fluctuations.
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By the late sixties a Republican president would proclaim himself a Keynesian.
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National countercyclical Keynesian stimulus policies have simply disappeared.
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Where to start … I mean, Alan Greenspan is a socialistic, Keynesian Loving, politician pleasing, power and greed driven ** explicit delete, explicit delete**, piece of ** explicit delete**.
Undefined
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Nevertheless there is one area in which the Keynesian model leaves much to be desired in its treatment of aggregate supply.
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For Hayek's critiques of keynesianism see his book; A Tiger by the Tail: The Keynesian Legacy of Inflation in PDF at mises. org This is an excerpt from a longer interview which can be found here www. vimeo.com
WN.com - Business News
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January 01, 2006 at 12:23 PM 1. There's a problem with the way *both* the Austrian and Keynesian traditions are read and, sometimes, understood by their partisans in light of the postwar planning debates -- people get set in opposing aprioristic positions about the state.
Best Wishes for 2006 - The Austrian Economists
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It never ceases to amaze me that Dems so obligately believe in the Keynesian multiplier myth.
Latest Articles
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Keynesians argue that they have an indirect and uncertain effect. 2.
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And our country was mired in what the Keynesian economists said could never happen: the simultaneity of inflation and high unemployment.
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Professor Robertson implies… that the loanable funds theory has a close connection with the ‘real forces’ of ‘productivity and thrift’ which is absent in the Keynesian theory.
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However critics of Keynesian economics consider that labour markets would clear if government and institutional impediments to greater flexibility were removed.
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The preceding discussion suggests that the operation of Keynesian fiscal policy should pose few problems.
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So much also for the idea—popular among Keynesians—that if only German industriousness didn't create such a competitiveness gap, the rest of Europe would have a better shot at catching up.
Germany Slides Toward Recession
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The organization also remains committed to a contractionary and anti-inflationary, monetarist role for monetary policy rather than an expansionary and reflationary, Keynesian one.
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There remains a place for traditional Keynesian countercyclical fiscal policy that operates through automatic stabilizers based on the system of progressive taxation and transfers.
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While he professed a disdain for pure theory, Giblin anticipated some elements of the relationship between trade, national income, and employment that informed Keynesian economics.
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His faith was in a simplistic Keynesianism that said willy-nilly government spending could cure the downturn.
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But the underlying conceptualization is still Keynesian, meaning that consumption and investment functions are real, except for some randomness, and not based directly and explicitly on individual actors' decisions based on *perceived* wealth -- which may be very different from *real* wealth because of a lack of proper asset pricing models stabilizing asset valuations around equilibrium market prices.
In Defense of Macroeconomists, Arnold Kling | EconLog | Library of Economics and Liberty
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The result was a triumph for Keynesian economics: a vigorous and expanding universe, filled with material objects.
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The Labour government was elected at a time when Keynesian economics was moving towards being accepted as economic orthodoxy.
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The above brief account throws into sharp relief the essential differences between the Keynesian and classical theories of labour market adjustment.
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Keynesianism thus evolved from a general theory repudiating laissez-faire economic orthodoxy into a kit of policy tools.
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However, we might pause to speculate how the above formulation of the Keynesian labour supply function came about.