Person

John Maynard Keynes

Related Excerpts

Stone hands holding up a bronze globe.

The Meddlers: Sovereignty, Empire and the Birth of Global Economic Governance

A new history explores the emergence of international economic institutions that continue to wield immense influence over the domestic politics of many states.
Luigi Einauldi, present of Italy in 1948, seated at his desk

The Dawn of Austerity

An interview with the author of "The Capital Order: How Economists Invented Austerity and Paved the Way to Fascism."
Painting of soldiers on the front.

How They Paid for the War

In World War II, the US had a planned economy. Its principles were similar to MMT.
Turbulent drawing evoking mass strikes, urban decay, gas shortages, police in riot gear, chainsaw massacre, and disco.

We’re Haunted by the Economy of the 1970s

Politicians across the political spectrum warn of a return to the decade of stagflation, urban decay, and labor mutiny; but their solution misses the mark.
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A Dose of Rational Optimism

"Slouching Towards Utopia" is a rise-and-fall epic—but it is better at depicting the rise than explaining the fall.
Actor Tom Hanks and President George W. Bush stand on stage at the dedication of the World War II Memorial in Washington, D.C. on May 29, 2004.

Destructive Myths

Romanticized stories about the Second World War are at the heart of American exceptionalism.
Robert F. Kennedy on the presidential campaign trail in 1968.

Beyond GDP: Changing How We Measure Progress is Key to Tackling a World in Crisis

Amid the global threats posed by climate change, energy costs, unemployment and inequality, the need to rethink progress is now an urgent priority.
A woman wearing a winter coat and a mask walks outside the headquarters of the International Monetary Fund, Washington, D.C., January 2022.

How the System Was Rigged

The global economic order and the myth of sovereignty.
Collage of the U.S. Capitol, a factory, and the earth, connected by coins and price tag stickers.

How the Oil Industry Cast Climate Policy as an Economic Burden

For 30 years, the debate has largely ignored the soaring costs of inaction.
Soviet leader Mikhail Gorbachev and US secretary of state James Baker in the Kremlin, Moscow, February 9, 1990.

‘A Bridge Too Far’

Even the most ardent advocates of NATO expansion after the implosion of the USSR realized that it had limits—and one of those limits was Ukraine.
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The Economic Weapon

The fate of the League of Nations provides a stark warning about using sanctions as a tool of modern warfare.
Alan Krueger speaks during a press briefing at the White House.

Tragedy Kept Alan Krueger From Claiming a Nobel Prize, but He’s Not Forgotten

The economist, along with David Card, was instrumental in changing America’s mind about the minimum wage.
Picture of Richard Nixon from National Archive.

The Day That Richard Nixon Changed U.S. Economic Policy Forever

Fifty years ago, in response to rising inflation, he rejected several long-standing practices. His Keynesian turn holds lessons for today’s economy.
Photo of economist Albert Hisrchman surrounded by abstract drawings

We Don't Know, But Let's Try It

For economist Albert Hirschman, social planning meant creative experimentation rather than theoretical certainty.
Abstract illustration of life working remotely.

The Perpetual Disappointment of Remote Work

What the troubled history of telecommuting tells us about its future.

From Keynes to the Keynesians

Socialised investment and the spectre of full employment.

Thirty Glorious Years

Postwar prosperity depended on a truce between capitalist growth and democratic fairness. Is it possible to get it back?

The Lessons of the Great Depression

In the 1930s, Americans responded to economic calamity by creating a richer and more equitable society. We can do it again.

FDR’s New Deal Worked. We Need Another One.

Claims that the programs adopted in the 1930s lengthened the Great Depression don’t hold up.

Remnants of the New Deal Order

We can only understand the left’s present dilemmas by seeing them in light of the conflicted legacy of the New Deal.