Monty Pelerin's World

Economic, Financial and Political Analysis

Tag archives for John Maynard Keynes

The End of Honest Economics

The political class co-opted the economics profession. In America the decline began with the Great Depression where the political class panicked and “didn’t just stand there.” The intellectual support for political activism followed within years of the publication of John Maynard Keynes’ “General Theory” in 1936. That book, coupled with the desperation and pain of [...]

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Why The US Will Have Its Own Greek Tragedy

The end of the unholy marriage of political greed with faulty economics nears. Politicians, eager to expand their power and wealth, quickly saw the advantages of Keynesian economics. After seventy years of increasing economic witchcraft, the world is cracking. Politicians have succeeded beyond their wildest dreams. They have gained control (and ownership) of the economy [...]

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Politics and Economics Don’t Co-exist Well

I have been writing this blog going on three years. During that time I have tried to emphasize that there is a real difference between good economics and good politics. Truth be told, they are enemies of one another, at least in the short-term. Now comes this intriguing quote from American Elephants (and Paul Ryan) that [...]

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Panic is Not Always a Bad Investing Strategy

The Daily Bell describes the plight of investment advisers: These are not happy times for investment advisers. While it is true that stock markets have not entirely collapsed following the financial crisis of 2008, the headier estimates of equity advancements have been discarded. With the US in a permanent slump and Europe headed into an ever [...]

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How Friedrich Hayek Viewed John Maynard Keynes

This interpretation of Keynes through Hayek’s eyes was produced by Taking Hayek Seriously: Hayek was a close student of the economic of John Maynard Keynes — he was, after all, the one who made the “General Theory” necessary after his seismic detonation of Keynes’ earlier “Treatise”.   So what did this master economist — one of [...]

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