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The Upside-down World of John Maynard Keynes

  • Audio Mises Daily
April 23, 2009

Tags BiographiesFinancial MarketsCapital and Interest TheoryMonetary TheoryPhilosophy and Methodology

John Maynard Keynes often employed flowery language like "animal spirits" and "liquidity trap" to describe things he did not understand. He was, after all, more of a bureaucrat than an economist. In fact, he would best be described as an anti-economist because he eschewed things like supply and demand and held the opinion that government could run the economy, writes Mark Thornton.

This audio Mises Daily is narrated by the author.

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