Dr. Qvortrups Cab: The return of the Master

Obama and other heads of state rely on John Maynard Keynes’ theories when they let public finances bleed red ink in attempts to put an end to the crisis. Learn about Keynes and where the theory may go wrong.(John Maynard Keynes, Milton Friedman, rescue package, stimulus packages, financial crisis, Barack Obama, Gordon Brown, monetary-policy crisis, economic crisis, Dr Qvortrups Cab, leaders, top leaders, finance minister, Chancellor of the Exchequer, Secretary of the Treasury)

Obama and other heads of state rely on John Maynard Keynes’ theories when they let public finances bleed red ink in attempts to put an end to the crisis. Learn about Keynes and where the theory may go wrong.

 

 

 

By Mads Qvortrup. Cameraman/editor Jan Rørkær. Produced by: Anette von Benzon, avbenzon@jyskebank.dk


 

John Maynard Keynes (1883-1946) was the architect of the welfarestate. But after the 1970s he was ridiculed by writers such as Milton Friedman who favoured unfettered market forces to state intervention in the economy.

But now Keynes is back.

The ideas behind the stimulus packages enacted by governments around the world were not the dreamed up by economists in the financial departments. Rather they were the intellectual property of John Maynard Keynes. This would not have surprised Keynes himself. For, as he wrote in The General Theory of Employment, Interest and Money (1936):

'Madmen in authority...are distilling their frenzy from some academic scribler many years ago".

 

 

Legal information

 

Dr. Qvortrups Cab: The return of the Master

February 4, 2010 03:19 PM

Obama and other heads of state rely on John Maynard Keynes’ theories when they let public finances bleed red ink in attempts to put an end to the crisis. Learn about Keynes and where the theory may go wrong.

 

 

 

By Mads Qvortrup. Cameraman/editor Jan Rørkær. Produced by: Anette von Benzon, avbenzon@jyskebank.dk


 

John Maynard Keynes (1883-1946) was the architect of the welfarestate. But after the 1970s he was ridiculed by writers such as Milton Friedman who favoured unfettered market forces to state intervention in the economy.

But now Keynes is back.

The ideas behind the stimulus packages enacted by governments around the world were not the dreamed up by economists in the financial departments. Rather they were the intellectual property of John Maynard Keynes. This would not have surprised Keynes himself. For, as he wrote in The General Theory of Employment, Interest and Money (1936):

'Madmen in authority...are distilling their frenzy from some academic scribler many years ago".

 

 

Legal information

Subscribe for comment updates

LATEST COMMENTS

hispanophileCarlos Your Spain is a wonderful varied country full of interesting successful and intelligent people. It is the... RogTy"Don Rickles' GPS Mocks The Internet": http://www.youtube.com/watch?v=KLpiKHMfBXw Featuring The Queen Of Makeu... Dr Isam NazerTHIS could be HELPFUL information for Bankers BUT not for poor customers .

The Senior Strategist: Here's this weeks most important events

Jyske Bank Senior Strategist Ib Fredslund Madsen outlines this weeks most important investor events and themes.
Watch video

The Equity Strategist: Watch out - turmoil ahead

According to Jyske Bank Equity Strategist Lars Møller Pedersen several indicators point towards a risk of yet another round of increasing turmoil a...
Watch video

The Senior Strategist: Japanese GDP Shock dominates new trading week

Disapointing GDP numbers out of Japan Monday sets a negativ tone on the new trading week.
Watch video

The Senior Strategist: Here's this weeks investor highlights

Senior Strategist in Jyske Bank Ib Fredslund Madsen outlines this weeks most important investor events and themes.
Watch video

Bond Yield Outlook: Modest rate hikes ahead

Senior Strategist Ib Fredslund Madsen elaborates on Jyske Banks Bond Yield Outlook.
Watch video

The Senior Strategist: Big week ahead for investors

The week ahead contains a couple of big investor-events in form of ECB interest rate meeting Thursday and US-jobfigures Friday.
Watch video

Jyske Bank Q3-report: Interview with CEO Anders Dam

Jyske Bank’s interim financial statement: Optimistic Anders Dam believes growth will continue.
Watch video
Favourites – Jyske Bank
Jyske Bank © 2008-2014