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The Latest Breaking News from John Maynard Keynes

A hotbed of English radicalism? Auden, Britten and the unsung glory of the Group Theatre

When they weren’t having screaming rows, the members of this overlooked 1930s collective changed the course of cultural history. Why isn’t it better known?

The Guardian - UK

Jamie Dimon says the next generation of employees will work 3.5 days a week and live to 100 years old

Jamie Dimon, CEO of JPMorgan Chase, says AI will allow people to work 3.5 day weeks in the future.

Fortune

‘You’re not getting any’ – the secret sexual signals in the Bloomsbury Group’s clothes

The Bloomsbury Group weren’t just artistic and sexual pioneers. They also sparked a sartorial revolution. We meet the author of Bring No Clothes, a revealing book about fashion’s queer trailblazers

The Guardian - UK

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Morgan Stanley just compared the ‘bubble-like euphoria’ over A.I. to the investing manias of the past century. The lesson for investors: Don’t ‘rush in’

“History has shown that for multiyear themes…there is usually little need for investors to rush in,” analyst Edward Stanley said.

Fortune

From Oppenheimer to Milton Friedman: how the Cold War battle of economic ideas shaped our world

Is Oppenheimer a movie for our time, reminding us of the tensions, dangers and conflicts of the old Cold War while a new one threatens to break out?

The Conversation

Interest rates: the case for cutting them permanently to zero

In 1937 the English economist Joan Robinson proposed that “when capitalism is rightly understood, the rate of interest will be set at zero and the major evils of capitalism will disappear”. John Maynard Keynes, who had taught Robinson, suggested something similar a year earlier in slightly more qualified and technical…

The Conversation

Raghuram Rajan: the banker who warned of meltdown in 2005

The former governor of India’s central bank now steers a tricky course between supporting free markets and campaigning against unfettered risk-taking

The Guardian - UK

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What Is Keynesian Economics? Definition & Principles

Keynesian economics is an economic school of thought, and the basic premise of this particular theory is that aggregate demand serves as the primary driver of a nation’s economic activity and employment. This branch of economics was named after John Maynard Keynes, a British economist who warned ...

The Street

The Guardian view on pricing power: it’s about firms’ strength and profiteering

Editorial: For the first time since Covid, businesses are most to blame for the UK’s high inflation rates. But ministers are doing little about it

The Guardian - UK

The True Cost of an Extended US Debt-Ceiling Standoff

Recurring struggles over the borrowing limit undermine the status of the US as an economic superpower.

Businessweek

AI will end the west’s weak productivity and low growth. But who exactly will benefit?

The clock is ticking on the development of policy to meet this huge societal challenge, says Larry Elliott, the Guardian’s economics editor

The Guardian - UK

Will AI Actually Mean We’ll Be Able to Work Less?

The idea that tech will free us from drudgery is an attractive narrative, but history tells a different story

The Walrus

The Big Myth Is Full of Recycled Anti-Capitalist Cheap Shots

A new entrant in the anti-neoliberalism genre fails to land any blows.

Reason

It is hard to admit being wrong. But Brexit voters are doing so in droves

Having been grossly misled in the referendum, Britons’ anger is mounting as the reality of our plight becomes clear

The Guardian - UK

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The Street

What Are Animal Spirits? Definition, Explanation & Examples

What Are Animal Spirits? Who Coined the Term? Economists look at an individual’s behavior to understand stock market movements because emotion often drives market sentiment. The term “animal spirits” was first used by a Greek physician named Galen in the second century CE. Galen believed an entire ...

The Guardian - UK

Work less, live more: is it time to end the five-day week?

Research shows that working fewer hours can be far more productive. Richard Godwin clocks on to find out if it’s true

Tribune News Service

Editorial: The fiscal cliff looms; nothing to see here

The national debt is much like the weather. Everybody worries about the topic, but nobody wants to do anything about it.

The New Daily

Alan Kohler: Why the Voice is an economic as well as moral issue

A First Nations Voice is fundamentally a moral question and a symbol of recognition, but it is also economic and political.

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The Street

What Is a Liquidity Trap? Is It Good or Bad?

What Is a Liquidity Trap?A liquidity trap happens when an economy is in a recession but interest rates are already the lowest they can go, 0%, which is also known as the “zero lower bound.” What else can a central bank do to spur growth? That is the conundrum. People…

The Guardian - UK

It may sound paradoxical, but Britain needs to spend its way out of recession

Cutting during a recession has been long discredited, says Guardian columnist Polly Toynbee

Reason

What the 1970s Can Teach Us About Today's Inflationary Politics

Inflation is a problem for politicians. Unfortunately for them, it's not a problem they know how to solve.

The National (Scotland)

Why was Labour’s first PM later branded a traitor to cause?

RAMSAY MacDonald was the UK’s first Labour prime minister yet he remains an oddly obscure figure in the party’s political history. He served…

Benzinga

Ray Dalio Says 'Will Play Markets Till I Die' After Giving Up Control Of World's Largest Hedge Fund

After relinquishing control of the world's largest hedge fund, Ray Dalio, the founder of

Tribune News Service

Limiting workdays could rearrange life and our economy

Do you ever get the feeling there is something fundamentally wrong with how we live?

Financial Times

How much money will actually make you happy?

We can all fantasise about what we need to make ourselves satisfied — and it doesn’t have to be a fortune

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