Notwithstanding the predominant role in academic economic theory that Keynes and Keynesian economics achieved during the twentieth century, his basic outlook and policy recommendations were shaped by the particular experiences of the British Empire's waning years.
Alan O. EbensteinRelated topics
academic basic british century economics outlook particular policy predominant role theory twentieth waning years keynes keynesianRelated quotes
To make a harsh but not entirely unjustified analogy, a government wedded to the ideology of competitiveness is as unlikely to make good economic policy as a government committed to creationism is to make good science policy, even in areas that have no direct relationship to the theory of evolution.
Paul Krugman
Where do ideas about economics come from? They come, of course from economists-where by an "economist" I mean someone who thinks and writes regularly about economic issues. But not all economists are alike, and in fact the genus includes two radically distinct species: The professors and the policy entrepreneurs.
Paul Krugman
Widely dispersed knowledge concerning the important role of basic cooperative processes among living beings may lead to the acceptance of cooperation as a guiding principle both in social theory and as a basis for human behavior. Such a development when it occurs will alter the course of human history.
W. C. Allee
Since scarcity is the basic economic problem, if it does not exist then there is no reason for my economics course. Devoting time to the study of how people use limited resources to fulfill unlimited wants and needs should help us to discover how to best utilize the resources we have at our disposal.
Kurt Bills
