Will ‘Keynesianism’ return?
Keynesian economics dominated economic theory and policy after the Second World War until the mid-1970s. Neoliberal economists launched a vicious attack on state intervention in the economy and the social…
Time to dust off’ Keynesian theory
The world economy seems to be coming out of the pandemic largely unscathed. According the latest OECD trade report, the G20 international merchandise trade continued to rebound in the fourth…
Keynes and the welfare state
Faced with some tough questions about the variegated political notions of the welfare state propounded by Imran Khan, an economist ventured into discussing Keynesian economics on a TV talk show…
Do we need another Keynes?
The August 30 edition of this newspaper contained an article by Dr Asad Zaman, in which he sheds light on the ideas of Adam Smith, Keynes and the financial crisis.…
Prosperity: criticality of private sector
“The difficulty lies, not in the new ideas, but in escaping from the old ones.” - John Maynard Keynes Innovation is critical for Pakistan - not only for growth and…
Do states lack resources?
journalist.It is claimed that states and governments lack funding and they should not run businesses. Their sole job is to facilitate market forces that can take care of any issues…
How to talk about inflation
We need to talk about inflation. More specifically, we need to talk about how we currently talk about inflation. There has been too much talk of ‘overheating’ and ‘cooling’ the…
The king’s burden
The 70-year reign of Queen Elizabeth II culminated with her transition at her beloved abode, the Balmoral Castle in the Scottish Highlands. Queen Elizabeth’s death was mourned by many but…
Work hours
Back in 1930, renowned economist John Maynard Keynes predicted that technological advances, slowed population growth, increasing capital (or ‘material things’) and changing economic priorities would make three-hour shifts or a…
Beyond neoliberal and pro-cyclical policy
‘It is well known that the old model of austerity does not work. Not only does it cause the economy to contract and inflict excessive hardship on the population; it…
