Saturday, February 5, 2011

Bastard Keynesianism!!

I indeed wanted to post after the celebration of 75 year old Keynes book on General Theory. The damages done by this book is now history.

Moreover, Ann Pettifor writes in Blooomberg: 
  • This “bastard Keynesianism,” as British economist Joan Robinson called it, subverted and continues to block the Keynesian revolution both in vision and in method. Monetarists were concerned with the quantity of money. Keynes’s overwhelming concern was with the rate of interest on money. He argued that monetary policy should always support the private and public economy, stimulate it, and prevent recession. 
The Austrian school of economics main concerns is unlimited money creation and artificial creation of interest rate. So biting the money with extremely low interest rate is the culprit for economics crisis.


  1. Mr. Chandra....
    This is a sort of humble request from you. I'll be pleased if my request would not be ignored. Its not that i m going to butter you with any slashy scripts of town.
    I just want to get from different people about my sense of blogging. Recently, so many like yours advised me. I m just a final year grad of ludhiana. And used to blog on different aspects of human being, political and lots of it.... If you are having any clear cut edgy advice, then plz. Get logged on
    Please clear out my complexities and get me awared.... You aee most welcome

  2. Dear Umesh Bawa,

    I myself is learning about the blogging, and I feel I am not the right person to advice you.


  3. So nice of you.... But, somewhere i think that, only who know about something, should be asked?
    Otherwise it'd be a hoax...
    Never mind...thanks so much for attending my requesting,,, i m really pleased...