WDEV special: Subscribe now and get 4 weeks free >>> here
deutschsprachige Version

Our new website address:  

Home Mission Statement Subscriptions Sample Copies Services Blogs Background Links Archives

Volume 2017
Volume 2016
Volume 2015
Volume 2014
Volume 2013
Volume 2012
Volume 2011
Volume 2010
Volume 2009
Volume 2008
Volume 2007
Volume 2006
Special Reports
For subscribers only
Show memo
Show shopping cart
Proceed to check-out
Your account
Europe Global Environment & Development The New South From G8 to G20 The Development Agenda UN Reform Global Finance Doha Final The Euro-zone in Crisis Eastern Europe

Are We 'All Keynesians Now' - Again?

Washington's big rate cuts and fiscal stimulus

It was 1971 when Richard Nixon, a conservative, uttered the famous phrase "We are all Keynesians now”. But there was a backlash soon to follow, with Ronald Reagan and Margaret Thatcher changing the world as perhaps no two other people did in the 20th century. Ronald Reagan's "supply-side economics" was never taken seriously in the economics profession – even at the height of his influence there was barely a handful of economists that would lend their names to it. But the economics profession did, in its research at least, throw out many of the insights that had made John Maynard Keynes the most influential economist of the century. By Mark Weisbrot


Among these insights was Keynes' explanation that self-regulating markets would not necessarily fix an economy that had fallen into recession, so as to restore growth and full employment. And that government intervention could help do the job that markets could not ...

... this article is published in
Issue 1/Jan-Feb 2008 for subscribers only. For direct log in >>> click here. If you have no subscription >>> pick your option or >>> buy the article.

Posted: 31 Jan 2008

More on the subject:
>>> The Risk of a Global Economic Recession
>>> The Global Establishment and Global Inequality

South-South Cooperation against Child Labour / EITI Initiative Beyond the German G8 Presidency


Top of page

Imprint General Terms and Conditions RSS Feeds Site Map