Avarice is a vice, the exaction of usury is a misdemeanour, and the love of money is detestable. – John Maynard Keynes Poised on the brink of economic meltdown as we are, governments all over the world are baying frantically for growth. But growth is not the answer to …
About Time: the case for shorter working hours
As you read this, the UK is sliding back into recession, unemployment across Europe is at a record high, and uncertainty stalks China and the other rising economies. Politicians call for austerity and little else. But spending cuts are economically illiterate. They wreck weak economies, locking them into a cycle …
The Ambachtsheer Letter – November/December 2011
Earlier this year, we were invited by the UK’s FairPensions organization to give a lecture in the Houses of Parliament. The event took place this past November 15. It provided an opportunity to place Keynes’ insights on faux vs. functional capitalism, and Peter Drucker’s on the special role of retirement …
Happy Anniversary, Mr. Keynes: Victoria Chick and Ann Pettifor
From the Publication of Bloomberg Opinion Never has a book on economics been so anticipated. John Maynard Keynes’s “The General Theory of Employment, Interest and Money” was published 75 years ago today. Back then, there were queues outside the Economists’ Bookshop in Houghton Street, London. Opening hours had to be …