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18 Oct 2011: Return to another Keynes. Financial crisis has forced us to take on board Keynes’s division of economics between:. ... To acknowledge the failure of economics to take uncertainty seriously. Notion of Uncertainty.

26 Jan 2010: Post-Keynesian economics is when uncertainty and money are taken seriously. It penetrates economic decision making and behaviour at all levels – micro/macro and short or long run. ... This is the nature of economic thinking (Keynes, 1936: 297).

23 Jul 2012: change variables, like the wage level, kept ‘in the pound’ in the short period, the economic system necessarily tends in historical time towards an optimal long-period equilibrium, by means of ... as an application of the ceteris paribus method, as a

28 Mar 2009: But under his premiership, sig interventions in the field of economics and official advice. ... May 1931, Macmillan Report published. June 1931, Kahn’s article published in the Economic Journal.

28 Oct 2010: How will the Financial Crisis change Macro-Economics? By C.A.E. Goodhart. Financial Markets Group, London School of Economics. ... 14) Complete disconnect between macro-economics (no default) and Finance, where PoD determines asset pricing.

16 Feb 2011: or imaginary, in which case they will have no economic significance.’.

28 Mar 2009: But under his premiership, sig interventions in the field of economics and official advice. ... May 1931, Macmillan Report published. June 1931, Kahn’s article published in the Economic Journal.

28 Apr 2010: Unemployment, distribution and the place of economics. “The outstanding faults of the economic society in which we live are its failure to provide for full employment and its arbitrary and inequitable ... Unemployment, distribution and the place of.

20 Dec 2008: This did not prevent Keynes from issuing trenchant judgements on Marx’s economics. ... Conclusion. Marx’s economic theory was a significant advance from classical political economy.

2 Feb 2011: Printed. John Kenneth Galbraith. Economics and the Public Purpose. “Virtually all of the increase in modern health hazards is the result of increased consumption. ... There is no more vigorously debated question in economics than that of the measure of