Keynesian Economics

Alkire, Sabina and Ritchie, Angus, — Winning Ideas: Lessons from Free Market Economics (September 1, 2007). OPHI Working Paper No. 6.

Arestis Handbook: Paul Davidson on Keynes — Chapter explains how Keynes was deeply misunderstood, and distorted version of Keynes became contemporary Keynesian Economics.

Creating Full Employment — The CORE of Keynesian Economics states that Free Markets do not create Full Employmennt, and to explain how the government can and must do so.

Economic Theories Create our Worldview — Keynes talked about the powerful influence of ideas upon the world. Essay shows how Keynesian and Monetarist theories have influenced how the world economy behaves.

Fundamental Flaws in Economic Theories — Describes major problems which lead to defective economic theories.

GFC 2997 & The Crisis in Economic Theory — Collection of three articles on History of How Keynesian Economics Rose and Fell in 20th Century, Power/Knowledge, rise of false ideas, pushing of greed, etc.

Keynes Book Summary — Incomplete -- started, not finished.

Keynes for the 21st Century — Robert Skidelsky - biogropher: Signficance of Keynes Message -- How faith in Keynes was lost and regained post crisis. Keynes addresses the BIGGER questions of Economics.

Keynesian Revolution and Monetarist Counter-Revolution — KEY ARTICLE - Start here -- The significance of Keynes, and why his teachings were distorted and forgotten.

Keynes Versus the IMF — Even though IMF was created by Keynes, it currently enforces theories contrary to Keynesian ideas.

Market Fundamentalism — A religious belief in the efficiency of Markets, which Keynes attacked, but which came back into fashion

Review & Summary of "House of Debt" by Mian and Sufi — How speculation financed by excessive debt created the Global Financial Crisis of 2007, similar to Great Depression of 1929. Analysis resembles Keynes but differs on some points.

The Current Crisis in Economics — Just as the Great Depression created a crisis for economic theory, so the GFC 2007-8 has created a crisis for modern economic theory

The education of an economist — How I came to the understanding that everything I was taught in economics at Stanford was wrong.

The Veil of Money — Keynes starts by explaining why money matters in the short and long run. Classicals reject this idea -- the QTM says that money is neutral. WHY is there such conflict?

Unlearning Economics — Collections of links to critiques of Economics

Volker Fund Pays for Hayek, Friedman etc — How the Libertarian Revolution was financed.

What is Islamic Economics — A radically different paradigm for economics -- cooperation and generosity, instead of competition and greed.

Why did no one see it coming? — Economists failed to see the Global Financial Crisis coming, just as they had failed to see the Great Depression coming. Little progress has been made in a century

Zaman, Asad and Syed Kanwar Abbas, "Efficiency Wage Hypothesis – the case of Pakistan.” — Pakistan Development Review, Vol 44 number 4, Winter 2005, 1051-1066