The Theories of John Maynard Keynes. ©1996 by Chuck Braman Introduction John Maynard Keynes (b June 5, 1883, Cambridge, Cambridgeshire, eng.
—d. The Road to Serfdom. The Road to Serfdom is a book written by the Austrian-born economist and philosopher Friedrich von Hayek (1899–1992) between 1940–1943, in which he "warned of the danger of tyranny that inevitably results from government control of economic decision-making through central planning",[1] and in which he argues that the abandonment of individualism and classical liberalism inevitably leads to a loss of freedom, the creation of an oppressive society, the tyranny of a dictator and the serfdom of the individual.
Significantly, Hayek challenged the general view among British academics that fascism was a capitalist reaction against socialism, instead arguing that fascism and socialism had common roots in central economic planning and the power of the state over the individual. The Road to Serfdom has had a significant impact on twentieth-century conservative and libertarian economic and political discourse, and is often cited today by commentators. Publication[edit] Publications. Publications by Year. Group of 30. Group of Thirty. NABE: National Association for Business Economics. American Institute for Economic Research (AIER)
Economics at About.com. ECONOMY PROFESSOR. Liber8® - The Research Library of the Federal Reserve Bank of St. Louis. EconSources - Your one-stop portal for the best economic information on the web! Economic Indicators and Analysis. U.S. Bureau of Economic Analysis (BEA) EconPapers. Library of Economics and Liberty. Economagic: Economic Time Series Page. RFE. Raymond william goldsmith. Comparative national balance sheets ... Roman economy. Raymond W. Goldsmith. Raymond W.
Goldsmith (1904 – July 12, 1988, Hamden, Connecticut) was an American economist specialising in historical data on national income, saving, financial intermediation, and financial assets and liabilities. Goldsmith was born in Germany to a family of Jewish ancestry, and grew up in Frankfurt. After finishing secondary school, he worked in a bank for a yeear that include the German hyperinflation of 1923.
Organisation for Economic Co-operation and Development. The Organisation for Economic Co-operation and Development (OECD) (French: Organisation de coopération et de développement économiques, OCDE) is an international economic organisation of 34 countries founded in 1961 to stimulate economic progress and world trade.
It is a forum of countries committed to democracy and the market economy, providing a platform to compare policy experiences, seek answers to common problems, identify good practices and coordinate domestic and international policies of its members. The OECD originated in 1948 as the Organisation for European Economic Co-operation (OEEC),[1] led by Robert Marjolin of France, to help administer the Marshall Plan (which was rejected by the Soviet Union and its satellite states[2]). In 1961, the OEEC was reformed into the Organisation for Economic Co-operation and Development by the Convention on the Organisation for Economic Co-operation and Development and membership was extended to non-European states. History[edit] OECD members. Ernesto J. Cordero. Private Life[edit] Family[edit] Cordero is married to Cristina Keller; he met her at the “Instituto Tecnológico Autónomo de México (ITAM)” when he was majoring in actuary and she was majoring in applied mathematics.
They got married in 1994 and went to live to Philadelphia to finish their postgraduate studies. Cristina Keller has a Master’s degree in Architecture by the University of Pennsylvania and has never been a public servant. Agustín Carstens. Early years[edit] Carstens graduated with a bachelor's degree in Economics from the Autonomous Technological Institute of Mexico (ITAM).
After working as an intern in the Bank of Mexico he received a scholarship and completed both a master's degree (1983) and a doctorate in Economics (1985) at the University of Chicago.[5] His thesis advisor was Michael Mussa, former Economic Counselor and Director of the Department of Research at the International Monetary Fund from 1991 to 2001.[6] He is married to Catherine Mansell, an academic, writer and economist from the United States who has authored several books on finance and on literary fiction and nonfiction under the pen name C. M. Mayo.[2] Mensaje del Dr. José Angel Gurría para el Grupo de los 100. José Ángel Gurría. José Ángel Gurría Treviño (born 8 May 1950), also known as Ángel Gurría,[3] is a Mexican economist and diplomat.
Francisco Gil Díaz. Gil Díaz is the son of Francisco Gil Arias, a fisherman, and Ana María Díaz Perches.
He received a bachelor's degree in economics from the Autonomous Technology Institute of Mexico (ITAM) and a Ph.D. in economics from the University of Chicago, in the United States.[1] He sits on the board of the Ibero-American University and the Anderson School of Business at UCLA.[2] In the public sector he has served as Undersecretary of Finance (1988 – 1994) and Vice-Governor of the Mexican central bank (1994 – 1997). Anarcho-syndicalism. Anarcho-syndicalism (also referred to as revolutionary syndicalism[1]) is a theory of anarchism which views revolutionary industrial unionism or syndicalism as a method for workers in capitalist society to gain control of an economy and, with that control, influence broader society.
Syndicalists consider their economic theories a strategy for facilitating worker self-activity and as an alternative co-operative economic system with democratic values and production centered on meeting human needs. The basic principles of anarcho-syndicalism are solidarity, direct action (action undertaken without the intervention of third parties such as politicians, bureaucrats and arbitrators) and direct democracy, or workers' self-management. The end goal of anarcho-syndicalism is to abolish the wage system, regarding it as wage slavery. Anarcho-syndicalist theory therefore generally focuses on the labor movement.[2] Central Organisation of the Workers of Sweden. Central Organisation of the Workers of Sweden (in Swedish: Sveriges Arbetares Centralorganisation) is a syndicalist trade union federation in Sweden.
Unlike other Swedish unions, SAC organizes people from all occupations, including the unemployed, students, and the retired.[1] SAC also publishes the weekly newspaper Arbetaren ("the Worker"), owns the publishing house Federativs and runs the unemployment fund Sveriges Arbetares Arbetslöshetskassa (SAAK). Its long-term goal is to realize libertarian socialism, a society without classes and hierarchies, where the means of production are owned commonly and administrated by the workers: in effect, abolition of capitalism, wage slavery, and sexism. SAC has thus decided to declare itself to be anti-sexist, anti-militarist, and, as the first trade union in Sweden, feminist (1998).
Short-term goals are improved salaries and working environments. Decision making[edit] GDAE. GDAE.
Black swan theory. The black swan theory or theory of black swan events is a metaphor that describes an event that comes as a surprise, has a major effect, and is often inappropriately rationalized after the fact with the benefit of hindsight. The theory was developed by Nassim Nicholas Taleb to explain: The disproportionate role of high-profile, hard-to-predict, and rare events that are beyond the realm of normal expectations in history, science, finance, and technology.The non-computability of the probability of the consequential rare events using scientific methods (owing to the very nature of small probabilities).The psychological biases that blind people, individually and collectively, to uncertainty and to a rare event's massive role in historical affairs. Unlike the earlier philosophical "black swan problem", the "black swan theory" refers only to unexpected events of large magnitude and consequence and their dominant role in history.
Background[edit] Taleb asserts:[8] Based on the author's criteria: General equilibrium theory. General equilibrium theory is a concept of theoretical economics. It seeks to explain the behavior of supply, demand, and prices in a whole economy with several or many interacting markets, by seeking to prove that a set of prices exists that will result in an overall equilibrium, hence general equilibrium, in contrast to partial equilibrium, which only analyzes single markets. As with all models, this is an abstraction from a real economy; it is proposed as being a useful model, both by considering equilibrium prices as long-term prices and by considering actual prices as deviations from equilibrium. [citation needed] Joseph Schumpeter. Joseph Alois Schumpeter (German: [ˈʃʊmpeːtɐ]; 8 February 1883 – 8 January 1950)[1] was an Austrian-born American economist and political scientist.
He briefly served as Finance Minister of Austria in 1919. In 1932 he became a professor at Harvard University where he remained until the end of his career. One of the most influential economists of the 20th century, Schumpeter popularized the term "creative destruction" in economics.[2] Life[edit] Schumpeter was born in Triesch, Habsburg Moravia (now Třešť in the Czech Republic, then part of Austria-Hungary) in 1883 to Catholic German-speaking parents. Schumpeter began his career studying law at the University of Vienna under the Austrian capital theorist Eugen von Böhm-Bawerk, taking his PhD in 1906. Business cycle. Palo Alto Online - Topic List. Fri Sun Mon Tue Remember me? Forgot Password? Richard Cantillon. Essai remains Cantillon's only surviving contribution to economics. It was written around 1730 and circulated widely in manuscript form, but was not published until 1755.
His work was translated into Spanish by Gaspar Melchor de Jovellanos, probably in the late 1770s, and considered essential reading for political economy. Jean-Baptiste Say. Jean-Baptiste Say (French: [ʒãbatist sɛ]; 5 January 1767 – 15 November 1832) was a French economist and businessman. He had classically liberal views and argued in favor of competition, free trade, and lifting restraints on business. He is best known due to Say's Law, which is named after him and at times credited to him, but while he discussed and popularized it, he did not originate it. Bill Ackman. William A. "Bill" Ackman (born May 11, 1966) is an American hedge fund manager.