Introduction
Where is Keynes's birthplace?
Cambridge, England
The General Theory of Employment, Interest, and Money was published in what year?
1936
What do we call his theories?
Keynesian Economics
When did the Keynesian Revolution Appear?
A. 1920s
B. 1930s
C. 1940s
D. 1950s
B. 1930s
Which idea did Keynes once dominate?
Capitalism
Keynes was born poorly. True or False?
False
Does The General Theory of Employment, Interest, and Money mark the birth of macroeconomics or microeconomics?
Macroeconomics
What is the main idea of Keynesian Economics?
Government should increase demand to boost growth.
Keynes believed that only when the expected return on capital assets exceeds the supply price or replacement cost of capital assets,______ is profitable and can attract capitalists to invest.
A. sustainable investment
B. abandon investment
C. find some one to cooperate
D. reinvestment
A. Sustainable investment
He was the ____ of capitalism.
savior
When and where did Keynes pass away?
April 21, 1946 in Sussex
In The General Theory of Employment, Interest, and Money, Keynes rejected conventional economics. True or False?
True
What did Keynes believe was the primary driving force in an economy?
consumer demand
What do some scholars compare Keynes's theory to?
(List two of them)
1. revolution as Copernicus in astronomy
2. Darwin in biology
3. Einstein in physics
Give a brief definition of the Keynesian School.
Who were the two person that he was influenced by to be interested in economics?
His father and Alfred Marshall.
Surprise question!
Who is NBA's all-time leading scorer?
Kareem Abdul-Jabbar
What is the drawback of overdoing Keynesian policies?
increases inflation
At the annual meeting of the American economic society in 1998, in the vote of 150 economists, what was Keynes rated?
The "most influential" economist in the 20th century.
He served as a director of which bank?
Bank of England
Fun Riddle!
How do you make the number 7 even without addition, subtraction, multiplication, or division?
Drop the 'S'
The General Theory of Employment, Interest, and Money and what two books are among the top three books of economics? (Name one of them)
The Wealth of Nations/Das Kapital
List out the two principles of Keynes and briefly explain one of the them.
Advocate-demand that drives production
Advocate - Interventionist economic policy.
When Cairns was on holiday in Algiers, he asked a group of local children to polish their shoes. Keynes paid so little that the children threw stones at them. What did he say when his friend suggested that he donate more money?
I will not devalue money
What does a chicken say instead of good?
EGGcelent