Econ 201 Keynesian Economics
Simple example of changing equilibrium
Spreadsheet that will hopefully help (You would need to download it or save it as your own Google spreadsheet so you can try putting different values.)
For interest
An estimate of the MPC from tax cuts (NBER #16684, Kellogg's Jonathan Parker and coauthors)
Alan Turing: A great article from The New Yorker. World War II would have been much, much worse without him. And what was his payback for saving free society?
This essay on Turing is outstanding. (Slate, July 25, 2013)
Time Magazine rated Keynes one of the Top 100 Thinkers of the Twentieth Century, but then they've been fans since 1923.
The size of the multiplier on tax changes: "[T]ax changes have very large effects on output. Our baseline specification suggests that an exogenous tax increase of one percent of GDP lowers real GDP by roughly three percent."
The General Theory of Employment, Interest and Money (1936) PDF, PDF w/o footnotes, Text
Letter from Keynes to President Franklin D. Roosevelt, February 1, 1938
The Great Depression
Cool, short montage about the Great Depression (from HBO's Carnivale). It really captures how severely and universally things were going to hell
General MacArthur (and Eisenhower) turned the troops loose on them and their squatter huts, and the film of it played in newsreels all across America.
At the same time, the environment was turning much of the midwest into the surface of the moon
The Dust Bowl...we could see that we weren't taking very good care of the environment...but how bad could things really get? Oh....
FDR got elected, and gave his inaugural address on March 4, 1933
"So first of all let me assert my firm belief that the only thing we have to fear. . .is fear itself. . . nameless, unreasoning, unjustified terror which paralyzes needed efforts to convert retreat into advance."
Diary entries from the Great Depression (Washington Post, Nov. 1, 2009)
For amusement
Keynes the Art Collector - BBC Magazine, May 2, 2014
A Desert Island Recession (Tom the Dancing Bug)
"Fear the Boom and Bust" - Keynes vs Hayek Rap Anthem (Not as bad as you might think.)
Cliff-Notes for the economics behind this.
Keynes versus Hayek, Round 2.0! (Yet more econ rapping.)
And here is actual Keynes
Keynes cartoon
Keynes was an incredible quote machine!
Keynes's sex diaries. Eeewwwweee. Who does that? Keep a diary?
Some interesting links to stuff about Keynes