Keynesian Approach
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Keynesian Approach

The “Keynesian” approach places far less emphasis on the “adjustment” nature of investment. Instead, they have a more “behavioral” take on the investment decision. Namely, the Keynesian approach argues that investment is simply what capitalists “do”. Every period, workers consume and capitalists “invest” as a matter of course. This leads Keynesians to underplay the capital stock […]

The French saying
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The French saying: “The more it changes the more it’s the same thing.”

The French saying: “plus ça change, plus c’est la même chose” “The more it changes the more it’s the same thing.” I have always thought this motto applied to the stock market better than anywhere else. Now the really important part of this proverb is the phrase “the more it changes.” The economic world has changed […]