From Keynes to Piketty: The Century that Shook Up Economics by Peter de Haan

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By Peter de Haan

From Keynes to Piketty presents the reader with an obtainable and wonderful perception into the improvement of financial proposal during the last century. beginning with John Maynard Keynes's bestseller, The fiscal effects of Peace (1919), and finishing with Thomas Piketty's blockbuster, Capital within the 21st Century (2014), the writer explains which dramatic political and monetary occasions replaced the best way economists interpreted those occasions, and the way they revolutionized the industrial science.
The publication comprises biographies of Keynes, Schumpeter, Galbraith, Hayek, Friedman, Hirschman, North, and Piketty, along others, and highlights their striking lives and works, anecdotes approximately them, and their frequently sharp adjustments of opinion. large summaries in their major works give you the student and pupil with a correct presentation in their contents. A must-read for all those that ask yourself what occurred to economics in past times century, and why.

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Moore also taught there. Both had a great influence on Keynes. Eton Young Maynard was a bright pupil, excelling in mathematics and the classics. He won a scholarship to Eton, where his intellectual abilities came to fruition. It was also at Eton where his sexual preference for men dawned. Keynes was very successful and happy at Eton. He won prizes, acted in plays and—at the end of his Eton days—was elected President of the Eton Literary Society. And that was not all. In 1901, as Richard Davenport-Hines noted, he achieved his biggest triumph as he was elected into the most exclusive Eton society by the name of ‘Pop’.

President Obama—à la Roosevelt—also launched a fiscal stimulus programme, embodied in the Recovery and Reinvestment Act, which he signed on 17 February 2009, within 1 month from taking office. The Recovery Act included tax cuts, social safety net expenditures, financial support to states, investments in renewable energy, health care, education, infrastructure and transportation. 5 % of the GDP. The question is whether all these fiscal and monetary stimuli helped to quell the recession and created enough jobs to bring unemployment down.

2 Per capita growth rates of stagnating African economies, 1980–2002 Country Per capita growth rate (%) Nigeria Niger Togo Zambia Madagascar Cote d’Ivoire Liberia Congo, Dem. Rep. 8 Source: Easterly, W. (2006) The White Man’s Burden: Why The West’s Efforts to Aid The Rest Have Done So Much Ill and So Little Good. New York: Penguin, 347 African countries? Economists and other social scientists renewed their interest in the factors explaining growth. Initially, assumptions about the quality and capacity of the main actors in society, and their interplay, as manifest in developed societies, were projected on developing countries.

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