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#john maynard keynes
queerasfact · 9 months
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Happy bi week! Economist John Maynard Keynes kept meticulous spreadsheets chronicling his sexual relationships with men, and when he fell in love with a woman - politician, artist, and writer Ray Strachey - commented “...as she isn’t male I haven’t [been] able to think of any suitable steps to take.”
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hexagr · 3 months
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Forgiveness is the act of deliberately not calling in a debt. Revenge, or ressentiment, is when a person, angered by one thing, transfers their anger to another thing and thereby calls in a debt or inadvertently indebts themselves. If you can understand the economics of John Maynard Keynes, you can see the analogous game-theoretical upside of forgiveness. You spend or invest imaginary patience points you don't really have at that moment in time in order to forgive someone or something, in order to avoid a potentially worse future outcome.
And roughly speaking, in a larger frame of view: the more you understand, the more you can forgive. The less you understand, the less you can forgive. On the other side of this equation, it must be said that having to ask for forgiveness is not a virtue. A primary objective of life is to conduct oneself in such a way that one does not need to ask for forgiveness in any serious manner.
A meta "secret third thing" is this: while forgiveness can alleviate tensions between players in a game-theoretic dilemma, it doesn't necessarily mean that players are free from the consequences of their own actions. A player who defects still runs the risk of potentially punishing or having already punished themselves—whether they are situationally aware of this fact or not.
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Socialists, communists and the labour movement are responsible for winning the reforms that built the lifestyle that the Right likes to romanticize. Then they sold out the working class by adopting neoliberalism which has wrought destruction and inequality. Fascism is not the solution.
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whoseontop · 4 months
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Keynes and Hayek
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John Maynard Keynes and Friedrich Hayek are two of the most influential economists of the 20th century.
John Maynard Keynes argued that welfare and gentle growth in wages was economically sound policy while economic inequality would lead to bubbles and recessions.
Friedrich Hayek, a major figure in the Austrian school of economics, argued that laissez-faire capitalism was good policy and that over-reliance on welfare would be the "Road to Serfdom"
So, if the economy wasn't the only thing these two men are trying to stimulate,
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earlgrey24 · 14 days
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Pros of being friends with me:
??
Will tell you about how John Maynard Keynes is an absolute bicon while you're studying for your economics exam
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belle-keys · 1 year
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what a lot of younglings today don’t know is that the brother from narnia is the great-grandson of charles darwin AND also john keynes and that he left acting to become a full-time tory
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mywingsareonwheels · 4 months
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BRIAN BLESSED as Augustus in I, Claudius voice:-
IS THERE ANYONE IN BLOOMSBURY WHO HAS NOT SLEPT WITH DUNCAN GRANT?!?!!!!
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depressedraisin · 3 months
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john maynard keynes/lytton stratchey m/m enemies to lovers slow burn angst with a happy ending jealousy unhealthy relationships fic when
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gravityconstant · 1 year
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More Heavy stamps!
Dm me if you are the OP and want them removed from here!
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dayanyalnizligim · 2 years
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Niyetimiz kendimize gelmekti Bundan kolay ne var demeyin.
İsmet Özel
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lbdwow · 28 days
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Capitalism is the extraordinary belieft that the nastiest of men for the nastiest of motives will somehow work together for the benefit of all.
John Maynard Keynes
Yasmin Wijnaldum by Chris Colls for ELLE US.jpg
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queerasfact · 1 year
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Happy birthday John Maynard Keynes!
Keynes was born on 5 June 1883, and was a hugely influential 20th-century economist. Economics might sound dull, but here’s some fun facts about Keynes:
Keynes recorded his relationships with men and women in a series of meticulous spreadsheets, a great boon to us as queer historians!
Having mostly had relationships with men, when Keynes fell in love with with politician, artist, and writer Ray Strachey, he wrote “I seem to have fallen in love with Ray a little bit, but as she isn’t male I haven’t [been] able to think of any suitable steps to take.”
Keynes was a member of the Bloomsbury Group, most of whom were famous and queer, including writers Virginia Woolf and E.M. Forster.
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[Image: Keynes, a middle-aged man, staring seriously into the camera, wearing a suit, and holding a large book. He has a this moustache and is wearing a three-piece suit.]
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januarymoth · 1 year
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rip bisexual legend
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What did Keynes mean by Socialization of investment? What sort of policies does that entail?
When Keynes uses the term socialization, what he's talking about is the transformation of an industry or other economic process from a laissez-faire free market to something close to nationalization in a socialist revolution, although he believed the same results could be achieved without formal nationalization and government ownership of the means of production - if you established the right public policies that would promote a mixed economy.
So of all the economic processes to socialize, why investment? Keynes was pretty critical of the private market, especially the stock market, when it came to investment. He felt that there was chronic under-investment in new capital equipment and R&D, and that far too much capital was effectively wasted in gambling on stocks and bonds and then ultimately even more abstract and unproductive financial assets (think derivatives, bitcoin, NFTs). He referred to the stock market as an irrational casino - and since he had been a professional investor and investment manager who had won and lost and won several large fortunes on the stock market, he knew what he was talking about. So Keynes felt that instead of relying on the free market to provide the investment that Europe and the United States would need to rebuild after World War II, that the state had to step up and provide some direction. Again, he didn't want to formally nationalize the banking sector, but he did want the central bank to adopt the right kind of monetary policy (if necessary, he was willing to "euthanize the rentiers" by lowering interest rates to the point where no one could make money by investing it), the government to pursue dirigiste spending and lending policies, a corporatist system of cooperation between business and government (similar to what emerged in Germany and Scandinavia), and of course Keynes' characteristic counter-cyclical fiscal policy.
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trutown-the-bard · 2 years
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just-about-nothing · 6 months
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i borrowed this book about bretton woods from the library and they have a picture section.
anyway did u know that keynes was 6’7 and bisexual? because i sure as shit did not
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