youstinkypoonumber2 (November 30, 1999 at 12:00 am)

Great video, always look back at this video for reminder

dekster14LP (November 30, 1999 at 12:00 am)

@BrynJonesOnline Keynes was only intrested in short term.If you pump more money into an economy it'll make prices more expensive and the amount of goods that are bought (consumption) go up, but only on short term, on the long term people consume a constant amount, so only prices go.So by folowing keynes, people are forced to consume or they'll be poorer, even if they don't want to consume more.I don't get how anyone could think that's a good policy.

joys5656 (November 30, 1999 at 12:00 am)

@joys5656 

joys5656 (November 30, 1999 at 12:00 am)

i thoughtit was steve jobs!!! hahaha.........

St00ge1 (November 30, 1999 at 12:00 am)

"And the fird fing."

BrynJonesOnline (November 30, 1999 at 12:00 am)

For most of the time, I believe the Keynesian theory is the best solution as I see a central role for the government in guiding the economy and limiting the excesses of the free market. However, what Keynes wrote is over 80 years old and so I'm sure that if Keynes was alive today, he'd have adapted his ideas to cope with globalisation and the power of multinationals. I don't believe the legacy of Thatcher for the UK was particularly good as her economic policies had terrible social consequences

BrynJonesOnline (November 30, 1999 at 12:00 am)

There isn't one on the conflict between objectives, butI might make a few more in a few weeks and I'll keep your suggestion in mind. Bryn

georgetaylor100 (November 30, 1999 at 12:00 am)

brilliant explantion- could u please make a video on conflict that can arise when aiming to achieve the macroeconmic objectives???or is there already one, in which case could i be directed to it.

georgetaylor100 (November 30, 1999 at 12:00 am)

brilliant explantion- could u please make a video on conflict that can arise when aiming to achieve the macroeconmic objectives???

bobichina (November 30, 1999 at 12:00 am)

Excellent !!! Crystal clear. I love your lecture.