One of the most important skills of the economist, therefore, is that of simplification of the model. Two important methods of simplification have been developed by economists. One is the method of partial equilibrium analysis (or microeconomics), generally associated with the name of Alfred Marshall and the other is the method of aggregation (or macro-economics), associated with the name of John Maynard Keynes.
Hitlerhadalready foundout how tocureunemployment before Keynes had finished explaining why it occurred.Edwin Arlington Robinson
Keynes, like Freud and Marx, deserves to be read in the original, not through the glosses of his lesser disciples.robert kuttner
Keynes tried to show that market economies could settle in equilibrium states in which the labour market did not clear, and in which the level of unemployment was high. He believed that this was due to a particular example of market failure, developed in his concept of effective demand.paul ormerod
From Adam Smith through John Maynard Keynes, economics had been mostly talk. At Harvard economics was talk. At MIT, Samuelson made it math.william poundstone
Keynes disdained inside information in fact, he once declared that Wall Street traders could make huge fortunes if only they would disregard their "inside" information and his own oracles were nothing but his minute scrutiny of balance sheets, his encyclopedic knowledge of finance , his intuition into personalities, and a certain flair for trading.robert heilbroner
Keynes was to economics as Katrina was to New Orleans.ilana mercer
Only someone as puffed up and demented as John Maynard Keynes, every left wing fascist's sainted mentor in this connection, could manage to convince himself that taxing America's Productive Class can restore it to prosperity. In point of fact, it's like screwing for chastity, guzzling alcohol for sobriety, or gorging to fight gluttony. It's like killing indiscriminately for peace oops, Democrats, Republicans and their moral and spiritual ilk have devoutly believed that particular bit of perverse nonsense since at least the War of 1812.l. neil smith
Keynes , like Freud and Marx , deserves to be read in the original, not through the glosses of his lesser disciples.
Keynes tried to show that market economies could settle in equilibrium states in which the labour market did not clear, and in which the level of unemployment was high. He believed that this was due to a particular example of market failure, developed in his concept of effective demand.
Keynes was chief economic adviser to the British government and largely responsible for keeping the British economy afloat at a time when more than half of our gross national product, and all of out foreign exchange, was being spent on the war. ...I was lucky to be present at one of his rare appearances in Cambridge, when he gave a lecture with the title "Newton, the Man." ...Four years later he died of heart failure, precipitated by overwork and the hardships of crossing the Atlantic repeatedly in slow propeller-driven airplanes under wartime conditions.freeman dyson
Keynes was to economics as Katrina was to New Orleans.