October 2010 – The Ideas of Economists

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Month: October 2010

1 Post

External Links, Nobel Economists

Equilibrium Unemployment Theory

October 12, 2010 — 0 Comments

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“The ideas of economists and political philosophers, both when they are right and when they are wrong, are more powerful than is commonly understood. Indeed the world is ruled by little else. Practical men, who believe themselves to be quite exempt from any intellectual influence, are usually the slaves of some defunct economist.”

John Maynard Keynes, The General Theory of Employment, Interest and Money, 1936.

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