The Ideology of Keynes

582 Words2 Pages
bulb-icon

Recommended: Keynesianism essay

The Ideology of Keynes

There is a certain degree of irony in considering the iconic figure that Keynes has become. For a man who was so thoroughly iconoclastic, rejecting established ideologies always in favor of his own, that he has become nearly synonymous with a mode of government or at least a school of economic thought, seems to be the richest sort of irony. In his Essays in Pursuasion, Keynes wrote the short piece “Am I a Liberal?” that took on the established political system of the time and thoroughly rejected it. For those seeking a quick answer to questions about the politics of his enigmatic General Theory, “Am I a Liberal?” would seem to raise more questions than it answers.

Nevertheless, Keynes makes it abundantly clear what he is not. He rejects the Conservatives and the Labour parties out of hand. While he seems to have contempt for the former, he cites the latter as a difference of class. The Labour party, for him, is one that is constructed around the notion of class conflict and class issues, which he cannot partake in from across the supposedly ...

Show More
Related

  • Comparing Keynesian Economics and Supply Side Economic Theories

    506 Words  | 2 Pages

    Keynes ideas were very radical at the time, and Keynes was called a socialist in disguise. Keynes was not a socialist, he just wanted to make sure that the people had enough money to invest and help the economy along. As far as stressing extremes, Keynesian economics pushed for a “happy medium” where output and prices are constant, and there is no surplus in supply, but also no deficit. Supply Side economics emphasized the supply of goods and services. Supply Side economics supports higher taxes and less government spending to help economy.

    Read More

  • The Transition of World Economic Ideology from Gilpin’s Time to the 21st Century

    824 Words  | 2 Pages

    Keynes’ work: The Means to Prosperity, and The General Theory of Employment, Interest and Money created modern macroeconomics and influenced countries during the 1930s and 1940s towards interventionist policy and economic nationalism (Yergin, 1998.) His ideology and work led him to orchestrate the Bretton Woods conference in 1944 which, “contributed greatly to the golden age of controlled capitalism (where) even the most conservative political parties in Europe and the United States embraced some version of state interventionism” (Steger, 2003.) The Bretton Woods regime fell during the early 1970’s but Keynes economic ideology would not be abandoned until the adoption of Reagan’s Neoliberalism and the fall of the Soviet Union in the early 1990s (Steger, 2003.) Keynesian economic ideology was the predominating economic theory during Gilpin’s life and would contribute greatly to his claim of world economic nationalism.

    Read More

  • Nike Five Forces

    1534 Words  | 4 Pages

    Promotion: Promotion doesn¡¦t only mean discount in prices, as they cooperate with Super Sport Star to let these famous player to present their product for them, sometime they held up event to give the customers the chance to meet with these super sport player by providing a chance to draw for the ticket after the customer purchasing amount meet the requirement. This will help the company to boost their sales, which at the same time can further promote their brand as an advertisement.

    Read More

  • Stuart Mill and John Locke Conception of Freedom

    1907 Words  | 4 Pages

    Bullock, Alan, and Maurice Shock, eds. The Liberal Tradition: From Fox to Keynes. Clarendon Press, 1967.

    Read More

  • Class Consciousness and Self-Sufficiency in Society

    798 Words  | 2 Pages

    A social structure can be defined as stable patterns of human interactions and behaviours (Innocente 2015). Canadian tire possesses these characteristics because their employees go to work and commit to hands on labour for the common goal of earning income. I asked my brother for a job in order to have a source of income, which illustrates the manifest function or the intended effect from a social structure (Brym and Lie 2012). The reason why I and countless others are in the workforce, is for the clear and intended purpose of earning money. In addition to earning money, other unintended benefits, such as skills and knowledge are attained by simply being in the workforce. This is known as the latent function, which is the unintended effect from a social structure (Brym and Lie 2012). Although I go to work to earn money, I unconsciously increase my cultural capital, which is the set of social skills that individuals possess (Brym and Lie 2012). This makes me an efficient worker through interactions with coworkers and customers, consequently widening my social network, which is a set of individuals who are linked together by the trade of information and material (Brym and Lie 2012). A widened social network has made it possible to attain new and higher positions in

    Read More

  • John Maynard Keynes Spark Notes

    742 Words  | 2 Pages

    John Maynard Keynes, British economist, journalist, was born on June 5th 1883, in Cambridge, England. His father, Dr. John Neville Keynes, was an economist and a philosopher. Keynes attended Eton and then Cambridge University. At first he studied Mathematics but then turned his attention to Economics when he was offered the job at the British treasurer after the First World War when the British economy was at pressure. A man who gained a modicum amount of wealth during 1919 to 1938, married to Lydia Lopokova in 1926 and passed away in April 21st, 1946. Keynes believed that price level has to be stabled in order to have a stabled economy, and that is only possible if interest rates go down when prices rise. He also believed that the market forces alone will not deliver full employment but boosting government spending (main force of the economy in Keynes theory) will aim in his theory full employment or close to that. He believes by Governments intervening and spending will finally stop recession, unemployment and most importantly depression. For spending will increase the aggregate demand of the economy.

    Read More

  • Restorative Justice, Social Capital, and Authentic Leadership

    1801 Words  | 4 Pages

    Grootaert, C., Narayan, D., Jones, V. N., & Woolcock, M. (2004). Measuring Social Capital: An Integrated Questionnaire. Washington: The World Bank.

    Read More

  • Analysis Of Love's Bond

    1435 Words  | 3 Pages

    Couples should love unconditionally because it is true love that is more than infatuation Nozick notes,

    Read More

  • Social Capital Essay

    763 Words  | 2 Pages

    The basic premise of social capital is investment in social relationships with expected results (Nan Lin 1999). Further Nan Lin (2001: 19-20) describes four basic things,

    Read More

  • PMCN Case Study

    3336 Words  | 7 Pages

    The theory of economics does not furnish a body of settled conclusions immediately applicable to policy. It is a method rather than a doctrine, an apparatus of the mind, a technique for thinking, which helps the possessor to draw correct conclusions. The ideas of economists and politicians, 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 influences, are usually the slaves of some defunct economist." (John Maynard Keynes, the General Theory of Employment, Interest and Money p 383)

    Read More

  • Advantages And Disadvantages Of Neo Marxism

    1003 Words  | 3 Pages

    Keynesian method and world-systems theory deserve special attention. It is Keynesianism that makes possible for the radical political economists to apply the bipolar model, centered on

    Read More

  • Marxism Social Class

    1878 Words  | 4 Pages

    During this era England is experiencing rapid industrial growth. Working to transform this very country into even more of an industrial giant to present the people with more opportunities than ever before. But does all this change benefit the collective as a whole? Contrary to popular belief rather than the industrial revolution being England's saving grace. It is in fact the very revolution that will benefit the few of a newly created class of wealthy entrepreneurs. And leave the rest of the society’s workforce to live in poor conditions, with unacceptable wages. According to Karl Marx class systems that exist today between the bourgeoisie and proletariat class only separates the human race and creates such distinct boundaries that root back to the very fundamental complications of society. Marx argues that class antagonisms under a capitalistic market only resolves in the protoliterate class’ conquest for power and social justice, to form a society with no social or economic class, communism.

    Read More

  • Comparing Two Idealogies - Neoliberalism and Keynesianism

    1367 Words  | 3 Pages

    Our lives are greatly affected by our culture, ecological environment, political environment and our economic structure. The overarching method of organizing a complex modern society relies heavily on the founding economic theories regarding method of production, method of organization, and the distribution of wealth among the members of. This paper, specifically deals with the views and theoretical backgrounds of two dominant theories of the past century, Keynesianism and Neo-liberalism. Our social economic order is product of the two theories and has evolved through many stages to come to where it is today. The two ideologies rely on different foundations for their economic outcomes but both encourage capitalism and claim it to be the superior form of economic organization. Within the last quarter of the 20th century, neo-liberalism has become the dominant ideology driving political and economic decisions of most developed nations. This dominant ideology creates disparities in wealth and creates inequality through the promotion of competitive markets free from regulation. Neo-liberal’s ability to reduce national government’s size limits the powers and capabilities of elected representatives and allows corporations to become much larger and exert far greater force on national and provincial governments to act in their favour. Hence, it is extremely important at this time to learn about the underlying power relations in our economy and how the two ideologies compare on important aspects of political economy. In comparing the two theories with respect to managing the level of unemployment, funding the welfare sates, and pursuing national or international objectives, I will argue that Keynesianism provides far greater stability, equ...

    Read More

  • Being In Love Essay

    1919 Words  | 4 Pages

    I disagree and would argue that being in love and loving someone has two very different meanings. The word love is used too loosely. Loving someone and being in love with someone are two very different things. Although I am not a love master, being only 19 years old and in two serious relationships in my life, I have come to realize being in love is something special. I believe when you are in love it’s not a choice, that person is picked for you. You are addicted to them, you want all your friends and family to love them as much as you do, you are there when they succeed and there when they fail, you miss them every minute you are apart and you unconditionally love them, even when times get hard.

    Read More

  • Failed Relationships

    558 Words  | 2 Pages

    We live our lives waiting for who we think is the perfect person, but in reality that never happens. When we hear the word relationship, we think of a man and a woman. Being in a relationship is more than just being intimate. There are different kinds of relationship such as husbands and wives, parent and child, or just friend to friend. Some people say it takes two people to make a relationship fail. When two people meet, they usually know from the begining if they want to be with that person or if they want to pursue a relationship.

    Read More

More about The Ideology of Keynes

Open Document