Wednesday, November 16, 2011

NPR - Keynes

Keynes' Consuming Ideas On Economic Intervention

by David Welna

November 16, 2011



The last in a three-part series on thinkers who have had a lasting influence on economic policymakers. Other stories featured Ayn Rand and Friedrich Hayek.

On his deathbed the year after World War II ended, John Maynard Keynes is said to have remarked that his only regret in life was that he did not drink more Champagne. For Keynes, consumption — economic or otherwise — was what made the world go 'round.

A long-dead British lord and economic theorist seems an unlikely subject for a ra

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