Word: keynesian
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Dates: during 1940-1949
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...Curtis seemed bullish. Said he: "Time is running out on this stock market [down] cycle." On the other hand, he was also bearish: "Business may be in a slow-motion rollover into an oldfashioned, spiraling, chain-reaction decline." However, investors should also remember that "we are in ... the Treasury-Keynesian-Keyserling cycle. That means Government intervention-cheating the silly down-cycle from its accustomed brutal innings...
...difficult for the objective observer to understand the unpopularity of a public policy which had done so much for the masses. As we look back now, it may well be that what was interpreted as a repudiation of New Deal or Keynesian economics, upon which it was largely built, was in fact merely a registering of wartime fatigue and annoyance with the party that had imposed innumerable petty restrictions...
...Sweezy '31, former assistant professor of Economics, will make his first public appearance since leaving the University when he addresses the John Reed Society in New Lecture Hall tonight at 8 o'clock on the subject, "Marxism and Recent Trends in Economics." The lecture is subtitled "A Critique on Keynesian Economics...
When depression struck as he had predicted, he proposed that nations "spend their way back to prosperity," and made an early convert of Franklin D. Roosevelt. Taking as his basis the formula p=mv/t* he then drew the famous Keynesian corollaries: deficit financing to put money in the hands of the unemployed, managed currency, reconstruction of the social system so that more high-velocity money gets into the hands of the poor, who spend it, less low-velocity money into the hands of the rich, who save...
...Beveridge plan starts from a premise familiar in the U.S. Depressions, says he, following the Keynesian theories, are caused by withholding too much of the national income from current consumption and current investment. To correct this condition, Sir William proposes an extension of the wartime type of budget. This sets forth not only public revenue and expenditures, but also estimates income and outlay of the nation as a whole. From this budget the State would determine how much it would have to spend, in addition to private outlay, for full employment. State spending and controlled investments would be aimed...