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Comments on: How do we compare Keynesian and modern economics? http://www.tvhe.co.nz/2008/09/12/how-do-we-compare-keynesian-and-modern-economics/ The Visible Hand in Economics Mon, 15 Sep 2008 20:01:13 +0000 hourly 1 https://wordpress.org/?v=6.9.4 By: Macroeconomics: The scientist and the engineer « The visible hand in economics http://www.tvhe.co.nz/2008/09/12/how-do-we-compare-keynesian-and-modern-economics/#comment-2446 Mon, 15 Sep 2008 20:01:13 +0000 http://tvhe.wordpress.com/?p=1124#comment-2446 […] good, and it provides a much better description of the evolution of macroeconomics ideas then my earlier retort to Chris Trotters claim about Keynesianism. However, I would also beware the partisan element of what he states. He admits that he is […]

]]> By: SPP http://www.tvhe.co.nz/2008/09/12/how-do-we-compare-keynesian-and-modern-economics/#comment-2449 Mon, 15 Sep 2008 13:34:01 +0000 http://tvhe.wordpress.com/?p=1124#comment-2449 Donald and I were jazz fans in high school. We were outcasts. We were the poor, sad kids who brought Sarah Vaughn records to their first junior high school party. That kind of stuff warps you for life.WalterBeckerWalter Becker, of Steely Dan, on he and co-member Donald Fagin’s being disliked

]]> By: Matt Nolan http://www.tvhe.co.nz/2008/09/12/how-do-we-compare-keynesian-and-modern-economics/#comment-2448 Mon, 15 Sep 2008 08:06:30 +0000 http://tvhe.wordpress.com/?p=1124#comment-2448 “Insightful analysis there.”

“wicked cool haiku’s”

Indeed, it is amazing how insightful this spam can be 😛

Hi John

“I remember Keynes and his equations that showed how G could be increased to get people working etc”

Keynes didn’t really have many equations – a lot of the theoretical work was done by other people eg. the Hicks-Hansen model (IS/LM):

http://en.wikipedia.org/wiki/IS/LM_model

However, it is even debatable whether these models even represented what truly mattered about what Keynes stated.

My impression of the General Theory was that it took a string of observations about human behaviour, aggregated them, however it did not do so clearly. Fundamentally, the book could be interpreted in many ways – something that made it difficult for people to form a “general theory” from.

Ultimately, its a bit like physics. We can’t have a “general theory” until we understand all the little bits fully enough – if we ever do 😛

]]> By: Kimble http://www.tvhe.co.nz/2008/09/12/how-do-we-compare-keynesian-and-modern-economics/#comment-2453 Sun, 14 Sep 2008 22:58:38 +0000 http://tvhe.wordpress.com/?p=1124#comment-2453 wicked cool haiku’s

]]> By: IRS http://www.tvhe.co.nz/2008/09/12/how-do-we-compare-keynesian-and-modern-economics/#comment-2444 Sun, 14 Sep 2008 16:13:50 +0000 http://tvhe.wordpress.com/?p=1124#comment-2444 Pussy rules the world.MadonnaLouiseVeronicaCicconeMadonna Louise Veronica Ciccone

]]> By: goonix http://www.tvhe.co.nz/2008/09/12/how-do-we-compare-keynesian-and-modern-economics/#comment-2450 Sat, 13 Sep 2008 23:22:41 +0000 http://tvhe.wordpress.com/?p=1124#comment-2450 Insightful analysis there.

]]> By: 9/11 Commission http://www.tvhe.co.nz/2008/09/12/how-do-we-compare-keynesian-and-modern-economics/#comment-2452 Sat, 13 Sep 2008 18:58:32 +0000 http://tvhe.wordpress.com/?p=1124#comment-2452 You cannot have your cake and eat it too.  You cannot eat your wife and fu©k her too.  You cannot fu©k your life and save it too.JeanBaudrillardJean Baudrillard

]]> By: John http://www.tvhe.co.nz/2008/09/12/how-do-we-compare-keynesian-and-modern-economics/#comment-2447 Sat, 13 Sep 2008 12:56:42 +0000 http://tvhe.wordpress.com/?p=1124#comment-2447 I studied economics about 30 years ago and I remember Keynes and his equations that showed how G could be increased to get people working etc, but apart from that my understanding is so so. I do appreciate tho the corrosive effect of inflation on my savings and the shift in wealth when we have house price inflation.

]]> By: Matt Nolan http://www.tvhe.co.nz/2008/09/12/how-do-we-compare-keynesian-and-modern-economics/#comment-2445 Fri, 12 Sep 2008 22:50:55 +0000 http://tvhe.wordpress.com/?p=1124#comment-2445 “Trotter is a hater, not a thinker. Dont expect a reasoned response from him. More likely you will just be attacked.”

That’s fine with me – at least I’ve got to put my point of view down 🙂

]]> By: Kimble http://www.tvhe.co.nz/2008/09/12/how-do-we-compare-keynesian-and-modern-economics/#comment-2451 Fri, 12 Sep 2008 07:40:01 +0000 http://tvhe.wordpress.com/?p=1124#comment-2451 Trotter is a hater, not a thinker. Dont expect a reasoned response from him. More likely you will just be attacked.

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