John Maynard Keynes

ironmental justice on the planet, a plan to overcome, mitigate and adapt to the climate crisis, which is the crisis of life. This would be to restore Keynes from oblivion. That wise old man. and other wise men before him. equally forgotten, had already said as much in the depth of their ideas. What a beau

As one economist puts it, climate change matters so much for poverty: it is the poorest who are, and will be, hit earliest and hardest. John Maynard Keynes was prophetic: in the long-run we are all dead. Climate change has brought my country—already one of the most vulnerable countries to disasters — ext

planned obsolescence or excess, which would help the world’s poorest peoples. Useful goods could stand against world poverty. Turning to a useful neo-Keynesianism on a global scale in order to abolish the world’s most flagrant embarrassments would be a thousand times more profitable than making war. Perha

g economic apparatus is the recognition that our modern context and individual national characteristics do not lend themselves to strict classical or Keynesian economic prescriptions or their variants. In the case of Saint Vincent and the Grenadines and our Caribbean neighbours, our peculiarities of small

balance, Asians have to consume more and save less as a proportion of income, while Americans have to consume less and save more. Otherwise, a global Keynesian paradox of thrift will cause the global economy to operate below capacity. Rebalancing the global economy is, however, not a simple matter at all,

outh; the solution lies in Africa. Rather than allowing capital to roam in every direction to create inflationary situations, I think it better, as a Keynesian thinker, to call on Members to invest in the creation of wealth and jobs in Africa, a continent possessed of great material and human resources an

doing already, and to do them a little bit better or a little bit worse, but to do those things which at present are not done at all.” [John Maynard Keynes, “The End of Laissez-Faire”] We in Romania, much like those in many other Central and East European countries, have been and still are learning that

n today. We must strengthen them. Indeed, this crisis will leave behind consequences once it is over. Somehow the debate that took place between Lord Keynes and Harry White, at the time of the establishment of the International Monetary Fund at Bretton Woods, hangs over the world today. The British econom

South. And the industrialized countries with budget deficits, growing numbers of jobless and retirees and inadequate welfare funds cannot afford the Keynesian luxury of pump-priming and "workfare". In a situation of confusion and uncertainty, and with no solution in sight, the reactionary ultra-rightists

benefit developing countries. An erroneous view is often no more than a truth stated before its time. When discussing the Treaty of Versailles, Lord Keynes, the representative of the British Government, declared that if Germany was to be squeezed, it was vital that it should not be ruined, and he propose

ic order? Whether or not that question is valid we must accept that the 1944 world of Bretton Woods, the world of Harry Dexter White and John Maynard Keynes, has changed drastically —and that is, I may say, decidedly for the better today, even though problems exist. A world now in which more national prid

e too far-fetched for some to contemplate wars, however limited, as a solution to the current economic crisis. Indeed some are already advocating the Keynesian theory that military spending will create jobs, increase public demand and stimulate economic growth. In these troubled times, the global communit

have lost. This is not inevitable. If we act decisively now, we can still control the future. 76. Let me now turn to our economic problems. 77. Lord Keynes wrote: "The power to become habituated to his surroundings is a marked characteristic of mankind.

he pleas of those who suffered most, there was lip service some-times and cold economic justification often- if only to make the soul of John Meynard Keynes rest in peace. 188. The world economic system is dislocated today because the rules of the game have changed. The new facts are to be understood. Som

increase in industrial production, which did not run par with an increase in salaries nor an increase in the prices of agricultural commodities. The Keynesian formula with which the crisis of the capitalist world was solved raised and stabilized the prices of agricultural products and increased industria