Keynes and American Economic Thought" Book Launch: A New Dawn or a Walking Dead Scenario?

Douglas Reed3 said:The better you are at economics, the less likely you are to have anything to do with academia after graduation. Truly talented economists stir up trouble on campus, and nobody wants them around. You simply learn that it is much better to stay far away from universities and the mainstream media...

Are you one of those people who learned that lesson the hard way? 🙂

Gregory Nelson6 said:Are you one of those people who learned that lesson the hard way? 🙂

It isn't as if there's any choice...

Douglas Reed3 said:It isn't as if there's any choice...

But you clearly do. Just look at how Harvard Business School is packed with people who either couldn't learn or simply didn't care to.

Just caught this really solid interview diving into the Austrian perspective:

http://www.thedailybell.com/1592/Pet...ld-Decide.html

Ugh... look, in my humble opinion, the world is neck-deep in it—I know, I know, a massive generalization—but this whole neoliberal setup is just making us sink faster every single day. You’ve got these political games being played by the ultra-wealthy who are basically obsessed with staying at the top... It's pretty simple: handing billions (and we're talking hundreds of billions here) to individuals who are pathologically fixated on hoarding their wealth? That can't end well.
And I'm not saying the answer lies in Keynesianism either, because honestly, that's just another way to "keep things under control" and protect the elite. Can you really blame them for being too arrogant to embrace a different model? Let's not kid ourselves—even Keynes had some pretty dark, eugenicist views.
That said, I don't think we should just spiral into despair. We have to fight for our own opportunities, our own competitiveness, and our quality of life as best as we can. At the same time, we should try to stay informed and nurture our own niche interests... because that's how we manage to be ourselves, even if just a little bit, and unplug from the matrix, or whatever you want to call it.
Real change will happen when it happens. You can feel it in the air already—do you really think workers in China are going to spend eternity working for the dollar and committing suicide from sheer depression?
Eventually, things are going to hit a "reset" button, and we'll see radical shifts on a global scale; I truly believe that.
Until then: live, love, and try to stay open-minded, educated, and independent. 🙂

John Ward96 said:Ugh... look, in my humble opinion, the world is neck-deep in it—I know, I know, a massive generalization—but this whole neoliberal setup is just making us sink faster every single day. You’ve got these political games being played by the ultra-wealthy who are basically obsessed with staying at the top... It's pretty simple: handing billions (and we're talking hundreds of billions here) to individuals who are pathologically fixated on hoarding their wealth? That can't end well.
And I'm not saying the answer lies in Keynesianism either, because honestly, that's just another way to "keep things under control" and protect the elite. Can you really blame them for being too arrogant to embrace a different model? Let's not kid ourselves—even Keynes had some pretty dark, eugenicist views.
That said, I don't think we should just spiral into despair. We have to fight for our own opportunities, our own competitiveness, and our quality of life as best as we can. At the same time, we should try to stay informed and nurture our own niche interests... because that's how we manage to be ourselves, even if just a little bit, and unplug from the matrix, or whatever you want to call it.
Real change will happen when it happens. You can feel it in the air already—do you really think workers in China are going to spend eternity working for the dollar and committing suicide from sheer depression?
Eventually, things are going to hit a "reset" button, and we'll see radical shifts on a global scale; I truly believe that.
Until then: live, love, and try to stay open-minded, educated, and independent. 🙂

Could someone please explain what "neoliberalism" actually represents in economic science? I am looking for a precise definition, stripped of all political bias. Thanks.

Amanda Allen4 said:Could someone please explain what "neoliberalism" actually represents in economic science? I am looking for a precise definition, stripped of all political bias. Thanks.

This might provide the clarity you're seeking:

http://www.paecon.net/PAEReview/issu...roufakis38.htm

John Ward96 said:Ugh... look, in my humble opinion, the world is neck-deep in it—I know, I know, a massive generalization—but this whole neoliberal setup is just making us sink faster every single day. You’ve got these political games being played by the ultra-wealthy who are basically obsessed with staying at the top... It's pretty simple: handing billions (and we're talking hundreds of billions here) to individuals who are pathologically fixated on hoarding their wealth? That can't end well.
And I'm not saying the answer lies in Keynesianism either, because honestly, that's just another way to "keep things under control" and protect the elite. Can you really blame them for being too arrogant to embrace a different model? Let's not kid ourselves—even Keynes had some pretty dark, eugenicist views.
That said, I don't think we should just spiral into despair. We have to fight for our own opportunities, our own competitiveness, and our quality of life as best as we can. At the same time, we should try to stay informed and nurture our own niche interests... because that's how we manage to be ourselves, even if just a little bit, and unplug from the matrix, or whatever you want to call it.
Real change will happen when it happens. You can feel it in the air already—do you really think workers in China are going to spend eternity working for the dollar and committing suicide from sheer depression?
Eventually, things are going to hit a "reset" button, and we'll see radical shifts on a global scale; I truly believe that.
Until then: live, love, and try to stay open-minded, educated, and independent. 🙂

I can't wait. Maybe then our domestic products will actually be competitive again. 😁

I guess it’s just the way it goes—some have it, some don't, and a small group controls most of the wealth. As if that’s anything new? That’s basically how history has always played out. Maybe once upon a time everyone was supposedly equal, but now we have the ultra-wealthy. Though, honestly, even a regular person today lives better than kings did a couple hundred years ago...