POLITICAL THEORY - John Maynard Keynes
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- Опубліковано 22 чер 2017
- John Maynard Keynes was arguably the greatest economist of the 20th century. He discovered the idea that governments should stimulate demand during economic downturns - and was the creator of both the IMF and the World Bank. His ideas continue to underpin a lot of the modern economic system.
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Not to be confused with Maynard James Keenan, singer of Tool
John Maynard Keynes opposed the creation of the London Marathon. He thought we'd all die in the long run.
My deadass first thought, the guy on the thumbnail is white Steve Harvey xd
"When the facts change, I alter my conclusions. What do you do, sir?" 20th CENTURY BURN
Just a note. The political left is very critical of Keynes. We dont want to soften capitalism -- we want to supplant it with socialism
It's a shame the neoliberals were able to strangle Keynesianism. Now we have enormous inequality and massive debt. And it seems as though another big economic bust is right around the corner.
yo he was friends with harry potter
We are all Keynsians now...
Dude looks like Steve Harvey
This is a pretty good video on Keynes. Usually its hyperbiased one way or the other. I would like to see more economists.
"If the facts change, I alter my conclusions. What do you do, sir?"
that last line was fire
people getting super salty in the comment section
came on youtube to avoid my economic undergraduate studies and this comes on notif 😞
"Practical men who believe themselves to be quite exempt from any intellectual influence, are usually the slaves of some defunct economist. Madmen in authority, who hear voices in the air, are distilling their frenzy from some academic scribbler of a few years back"
When I began college in 1957 I was taking a course in Economics 101...and I subscribed then and I subscribe now; to the John Maynard Keynes macro economics theory....it still rings true today!
That last line brings it home so well.
What a wonderful explanation! So easy to understand and it all comes alive in the pictures :) Thank you for your videos!
The issue with Kaynes ideas, and why they cannot be implemented, especially in a world today was mentioned in the very beginning of the video: Corruption; or as it is more commonly refered to today: Lobbyism.
I love it when you talk about people.