Austin Robinson, "John Maynard Keynes: Economist, Author, Statesman" (1972)
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This seems to me Keynes's important contribution to economics: that he asked a number of very fundamental new questions. He asked what determined the level of employment. He asked whether the economy was inherently stable at the level of full employment, automatically returning to it when disturbed. He asked, as I say, how the rate of interest is determined. These questions remain with us, and will and must remain, central to all economics.
— Austin Robinson
What It Means
This is a placeholder explanation generated by the low-overhead model. It interprets "This seems to me Keynes's important contribution to economics: that he asked a number of very fundamental new questions. He asked what determined the level of employment. He asked whether the economy was inherently stable at the level of full employment, automatically returning to it when disturbed. He asked, as I say, how the rate of interest is determined. These questions remain with us, and will and must remain, central to all economics." in the context of "Austin Robinson, "John Maynard Keynes: Economist, Author, Statesman" (1972)" to mean that wisdom is timeless.
Source: Wikiquote: "John Maynard Keynes" (Quotes about Keynes: Sorted alphabetically by author or source)
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About John Maynard Keynes
John Maynard Keynes, 1st Baron Keynes of Tilton (5 June 1883 – 21 April 1946) was a British economist whose ideas, known as Keynesian economics, had a major impact on modern economic and political theory and on many governments' fiscal policies.
About John Maynard Keynes
John Maynard Keynes, 1st Baron Keynes of Tilton (5 June 1883 – 21 April 1946) was a British economist whose ideas, known as Keynesian economics, had a major impact on modern economic and political theory and on many governments' fiscal policies.
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