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Miguel Afonso Caetano"The bad news, as demonstrated by the American story, is that an age of leisure will not automatically flow from increased productivity. The good news is that political interventions can bring us closer to this vision.“While Keynes’ predictions regarding productivity growth have actually been exceeded over the past nearly 100 years,” conclude Behringer, Gonzalez Granda, and van Treeck, “the obstacles to more leisure time are primarily socio-political in nature.”The Scandinavian social democracies, even in their recently weakened states, offer the starkest counterexample. They are highly productive, but their workers put in six to ten fewer hours per week than their American counterparts do, a trend that holds for low and high earners alike.Unions have proven essential in translating productivity gains into shorter working hours. American union membership has collapsed since the postwar period; Scandinavian union rates have fallen recently, but workers in the region still maintain a powerful, centralized collective bargaining system that secures shorter workweeks, generous paid leave, and predictable schedules.The comprehensive welfare systems in these countries further reduce overwork. With universal health care, subsidized childcare, free education through university, and robust social safety nets, Scandinavians don’t face the same financial pressures that drive Americans to sacrifice their free time for a paycheck. Importantly, these welfare policies have also increased female workforce participation, reducing women’s spousal dependency and decreasing the pressure on men to work long hours to support their families.Scandinavian societies have seen inequality expand and their welfare states erode in recent years, but these features are still significantly more pronounced than in the United States." <a href="https://jacobin.com/2025/03/work-keynes-scandinavia-class-leisure/" rel="nofollow noopener noreferrer" translate="no" target="_blank">https://jacobin.com/2025/03/work-keynes-scandinavia-class-leisure/</a><a href="https://tldr.nettime.org/tags/Work" class="mention hashtag" rel="nofollow noopener noreferrer" target="_blank">#Work</a> <a href="https://tldr.nettime.org/tags/Capitalism" class="mention hashtag" rel="nofollow noopener noreferrer" target="_blank">#Capitalism</a> <a href="https://tldr.nettime.org/tags/Overworked" class="mention hashtag" rel="nofollow noopener noreferrer" target="_blank">#Overworked</a> <a href="https://tldr.nettime.org/tags/Productivity" class="mention hashtag" rel="nofollow noopener noreferrer" target="_blank">#Productivity</a> <a href="https://tldr.nettime.org/tags/ClassWarfare" class="mention hashtag" rel="nofollow noopener noreferrer" target="_blank">#ClassWarfare</a> <a href="https://tldr.nettime.org/tags/WageSlavery" class="mention hashtag" rel="nofollow noopener noreferrer" target="_blank">#WageSlavery</a> <a href="https://tldr.nettime.org/tags/Keynes" class="mention hashtag" rel="nofollow noopener noreferrer" target="_blank">#Keynes</a> <a href="https://tldr.nettime.org/tags/USA" class="mention hashtag" rel="nofollow noopener noreferrer" target="_blank">#USA</a> <a href="https://tldr.nettime.org/tags/Scandinavia" class="mention hashtag" rel="nofollow noopener noreferrer" target="_blank">#Scandinavia</a>

Rob ConnollyWe Shouldn’t Have to Work This Hard - <a href="https://jacobin.com/2025/03/work-keynes-scandinavia-class-leisure" rel="nofollow noopener noreferrer" translate="no" target="_blank">https://jacobin.com/2025/03/work-keynes-scandinavia-class-leisure</a><a href="https://fosstodon.org/tags/socialism" class="mention hashtag" rel="nofollow noopener noreferrer" target="_blank">#socialism</a> <a href="https://fosstodon.org/tags/antiwork" class="mention hashtag" rel="nofollow noopener noreferrer" target="_blank">#antiwork</a> <a href="https://fosstodon.org/tags/Politics" class="mention hashtag" rel="nofollow noopener noreferrer" target="_blank">#Politics</a> <a href="https://fosstodon.org/tags/keynes" class="mention hashtag" rel="nofollow noopener noreferrer" target="_blank">#keynes</a>

Emeritus Prof Christopher MayMeanwhile in Germany.... after years of the 'debt brake' fiscal limits (self-imposed constitutional limits on deficit spending), it looks like the need for an expansion of defence spending & Germany's infrastructure requirement, has prompted a potential reform (to be voted on this week) that allows some aspects of deficit spending to bypass the constitutional limitation.Its like Keynsianism seems to be in the air; I wonder whether Rachel Reeves can see it yet?<a href="https://zirk.us/tags/Germany" class="mention hashtag" rel="nofollow noopener noreferrer" target="_blank">#Germany</a> <a href="https://zirk.us/tags/Keynes" class="mention hashtag" rel="nofollow noopener noreferrer" target="_blank">#Keynes</a> h/t FT

UBI4MEJohn Maynard <a href="https://mastodon.world/tags/Keynes" class="mention hashtag" rel="nofollow noopener noreferrer" target="_blank">#Keynes</a> “<a href="https://mastodon.world/tags/EconomicPossibilities" class="mention hashtag" rel="nofollow noopener noreferrer" target="_blank">#EconomicPossibilities</a> for Our Grandchildren”, the truth is that, at least in a simple technological sense, the global North has largely “solved” its economic problem. Yet <a href="https://mastodon.world/tags/technology" class="mention hashtag" rel="nofollow noopener noreferrer" target="_blank">#technology</a> is, always has been, and will continue to be neutral. Even if <a href="https://mastodon.world/tags/humanity" class="mention hashtag" rel="nofollow noopener noreferrer" target="_blank">#humanity</a> possesses <a href="https://mastodon.world/tags/sufficient" class="mention hashtag" rel="nofollow noopener noreferrer" target="_blank">#sufficient</a> specialized <a href="https://mastodon.world/tags/knowledge" class="mention hashtag" rel="nofollow noopener noreferrer" target="_blank">#knowledge</a> to <a href="https://mastodon.world/tags/liberate" class="mention hashtag" rel="nofollow noopener noreferrer" target="_blank">#liberate</a> itself, a gravely and <a href="https://mastodon.world/tags/persistently" class="mention hashtag" rel="nofollow noopener noreferrer" target="_blank">#persistently</a> <a href="https://mastodon.world/tags/unequal" class="mention hashtag" rel="nofollow noopener noreferrer" target="_blank">#unequal</a> <a href="https://mastodon.world/tags/social" class="mention hashtag" rel="nofollow noopener noreferrer" target="_blank">#social</a> <a href="https://mastodon.world/tags/structure" class="mention hashtag" rel="nofollow noopener noreferrer" target="_blank">#structure</a> continues to hamper all the world’s countriesAsk for a <a href="https://mastodon.world/tags/UBI" class="mention hashtag" rel="nofollow noopener noreferrer" target="_blank">#UBI</a> ❤️<a href="https://www.un.org/en/un-chronicle/rethinking-universal-basic-income-economic-productivity-quality-life-and-sustainable" rel="nofollow noopener noreferrer" translate="no" target="_blank">https://www.un.org/en/un-chronicle/rethinking-universal-basic-income-economic-productivity-quality-life-and-sustainable</a><a href="https://mastodon.world/tags/UBI4ME" class="mention hashtag" rel="nofollow noopener noreferrer" target="_blank">#UBI4ME</a>

Emeritus Prof Christopher MayWhile Military Keynsianism (MK) seems to be in the thoughts of many politicians & commentators as a future path for Labour's growth plan, its worth noting that a form of organic Green Keynsianism (GK) is already under way with the UK's 'net zero economy' expanding fast, if not as fast as in the EU or China.Of course, there's nothing to stop a Govt. doing both, and perhaps Labour should ramp up GK to complement any future MK?<a href="https://zirk.us/tags/Keynes" class="mention hashtag" rel="nofollow noopener noreferrer" target="_blank">#Keynes</a> <a href="https://zirk.us/tags/security" class="mention hashtag" rel="nofollow noopener noreferrer" target="_blank">#security</a> <a href="https://zirk.us/tags/climate" class="mention hashtag" rel="nofollow noopener noreferrer" target="_blank">#climate</a> <a href="https://zirk.us/tags/economics" class="mention hashtag" rel="nofollow noopener noreferrer" target="_blank">#economics</a> <a href="https://www.theguardian.com/environment/2025/feb/24/britain-net-zero-economy-booming-cbi-green-sector-jobs-energy-security" rel="nofollow noopener noreferrer" translate="no" target="_blank">https://www.theguardian.com/environment/2025/feb/24/britain-net-zero-economy-booming-cbi-green-sector-jobs-energy-security</a>

Emeritus Prof Christopher MayThis weekend the prospect of a form of military Keynsiansim has got even more coverage/commentary than last week....It stating to look like an idea that is about to have its time (again).So it looks like Military Kenynsianism is coming to a Government near you.<a href="https://zirk.us/tags/security" class="mention hashtag" rel="nofollow noopener noreferrer" target="_blank">#security</a> <a href="https://zirk.us/tags/Keynes" class="mention hashtag" rel="nofollow noopener noreferrer" target="_blank">#Keynes</a> <a href="https://zirk.us/tags/economics" class="mention hashtag" rel="nofollow noopener noreferrer" target="_blank">#economics</a> <a href="https://zirk.us/tags/InternationalRelations" class="mention hashtag" rel="nofollow noopener noreferrer" target="_blank">#InternationalRelations</a>

Emeritus Prof Christopher MayAs the Court of Tangerine Tyrant steps away from security cooperation with Europe (via NATO & other commitments), the Q. for European Govt.s looking at the current economic environment, would a form of military Keynisanism be a good idea?Well, it might 'kill two birds with one stone' but ONLY if European states ramp up investment & development of their own military supply sectors & reduce their dependence on US suppliers...And that may be a difficult sell for some Govts.<a href="https://zirk.us/tags/security" class="mention hashtag" rel="nofollow noopener noreferrer" target="_blank">#security</a> <a href="https://zirk.us/tags/Keynes" class="mention hashtag" rel="nofollow noopener noreferrer" target="_blank">#Keynes</a>

Emeritus Prof Christopher MayOver the last few days I've been invoking Keynes & Keynsian economics quite a bit, and so for those of you not so familiar with his work & thought(s)/analysis, here's a link to the relatively comprehensive Wikipedia article.There's some good overview, but also (sorry) some more formal economic presentations - however, you can get a flavour of what its about if you are either unfamiliar with Keynes' work or need a quick refresher.<a href="https://zirk.us/tags/economics" class="mention hashtag" rel="nofollow noopener noreferrer" target="_blank">#economics</a> <a href="https://zirk.us/tags/Keynes" class="mention hashtag" rel="nofollow noopener noreferrer" target="_blank">#Keynes</a> <a href="https://en.wikipedia.org/wiki/Keynesian_economics" rel="nofollow noopener noreferrer" translate="no" target="_blank">https://en.wikipedia.org/wiki/Keynesian_economics</a>

Emeritus Prof Christopher MayQ. So Rachel, is now the time for people's QE (quantitative easing)?During the last financial crisis many Central Banks poured liquidity into the system by buying 'distressed assets' & 'refloating' the financial system.Then many argued for a more Keynsian 'People's QE' that would put money not into the hands of asset holders but of everyday people.Perhaps, with another period of stagnation upon us, we should be arguing for people's QE to revive 'effective demand'?<a href="https://zirk.us/tags/economics" class="mention hashtag" rel="nofollow noopener noreferrer" target="_blank">#economics</a> <a href="https://zirk.us/tags/Keynes" class="mention hashtag" rel="nofollow noopener noreferrer" target="_blank">#Keynes</a>

gary<a href="https://infosec.exchange/@briankrebs" class="u-url mention" rel="nofollow noopener noreferrer" target="_blank">@briankrebs</a> donald is a lame duck - no threat of a second run is present and this sets up situation where overall economic policy does not have any momentum or inertia, his cabinet choices are paper tigers but we just have to wait and see <a href="https://infosec.exchange/tags/protectionism" class="mention hashtag" rel="nofollow noopener noreferrer" target="_blank">#protectionism</a> <a href="https://infosec.exchange/tags/gdp" class="mention hashtag" rel="nofollow noopener noreferrer" target="_blank">#gdp</a> <a href="https://infosec.exchange/tags/keynes" class="mention hashtag" rel="nofollow noopener noreferrer" target="_blank">#keynes</a>

Police State UK"The government might choose to reduce taxation (leaving more money in the hands of taxpayers) whilst spending more by instituting public works (for example, improving flood defences or building wind farms). In the short run, as tax revenues fall and expenditure on public works increases, a yawning deficit arises in the government’s budget. In this same short run, the government covers its deficit by selling bonds..."<a href="https://mastodon.me.uk/tags/UKpolitics" class="mention hashtag" rel="nofollow noopener noreferrer" target="_blank">#UKpolitics</a> <a href="https://mastodon.me.uk/tags/Economy" class="mention hashtag" rel="nofollow noopener noreferrer" target="_blank">#Economy</a> <a href="https://mastodon.me.uk/tags/Keynes" class="mention hashtag" rel="nofollow noopener noreferrer" target="_blank">#Keynes</a> <a href="https://yorkshirebylines.co.uk/business/economy/the-chancellors-retreat-from-keynes-to-beeton/" rel="nofollow noopener noreferrer" translate="no" target="_blank">https://yorkshirebylines.co.uk/business/economy/the-chancellors-retreat-from-keynes-to-beeton/</a>

Rosa-Luxemburg-Stiftung Nds<a href="https://norden.social/tags/wirtschaftspolitik" class="mention hashtag" rel="nofollow noopener noreferrer" target="_blank">#wirtschaftspolitik</a>, der Umgang mit <a href="https://norden.social/tags/armut" class="mention hashtag" rel="nofollow noopener noreferrer" target="_blank">#armut</a> und <a href="https://norden.social/tags/reichtum" class="mention hashtag" rel="nofollow noopener noreferrer" target="_blank">#reichtum</a> , die Organisation des Gesundheitssystems oder Fragen rund um den Kampf gegen den <a href="https://norden.social/tags/klimawandel" class="mention hashtag" rel="nofollow noopener noreferrer" target="_blank">#klimawandel</a>, Wirtschaftstheorien prägen unser Denken und unsere <a href="https://norden.social/tags/Gesellschaft" class="mention hashtag" rel="nofollow noopener noreferrer" target="_blank">#Gesellschaft</a>In dem Seminar werden die drei Theorien/Theoretiker vorgestellt, die <a href="https://norden.social/tags/wissenschaft" class="mention hashtag" rel="nofollow noopener noreferrer" target="_blank">#wissenschaft</a> , <a href="https://norden.social/tags/politik" class="mention hashtag" rel="nofollow noopener noreferrer" target="_blank">#politik</a> und <a href="https://norden.social/tags/wirtschaft" class="mention hashtag" rel="nofollow noopener noreferrer" target="_blank">#wirtschaft</a> in den letzten Jahrzehnten besonders geprägt haben – <a href="https://norden.social/tags/neoklassik" class="mention hashtag" rel="nofollow noopener noreferrer" target="_blank">#neoklassik</a> , <a href="https://norden.social/tags/keynes" class="mention hashtag" rel="nofollow noopener noreferrer" target="_blank">#keynes</a> und <a href="https://norden.social/tags/Marx" class="mention hashtag" rel="nofollow noopener noreferrer" target="_blank">#Marx</a>. Alle Infos um <a href="https://norden.social/tags/Workshop" class="mention hashtag" rel="nofollow noopener noreferrer" target="_blank">#Workshop</a> am 8. und 9.11. in Hannover unter <a href="https://nds.rosalux.de/veranstaltung/es_detail/I8IVI/" rel="nofollow noopener noreferrer" translate="no" target="_blank">https://nds.rosalux.de/veranstaltung/es_detail/I8IVI/</a>

patryxfound a quote by John Maynard Keynes' road map for political survival amid an economic disaster in "The Greenback Effect" by WARREN E. BUFFETT, published: August 18, 2009:"By a continuing process of inflation, governments can confiscate, secretly and unobserved, an important part of the wealth of their citizens.... The process engages all the hidden forces of economic law on the side of destruction, and does it in a manner which not one man in a million is able to diagnose."<a href="https://c.im/tags/inflation" class="mention hashtag" rel="nofollow noopener noreferrer" target="_blank">#inflation</a> <a href="https://c.im/tags/john_maynard_keynes" class="mention hashtag" rel="nofollow noopener noreferrer" target="_blank">#john_maynard_keynes</a> <a href="https://c.im/tags/keynes" class="mention hashtag" rel="nofollow noopener noreferrer" target="_blank">#keynes</a> <a href="https://c.im/tags/WarrenBuffet" class="mention hashtag" rel="nofollow noopener noreferrer" target="_blank">#WarrenBuffet</a> <a href="https://c.im/tags/greenback" class="mention hashtag" rel="nofollow noopener noreferrer" target="_blank">#greenback</a> <a href="https://c.im/tags/economy" class="mention hashtag" rel="nofollow noopener noreferrer" target="_blank">#economy</a> <a href="https://c.im/tags/enomic_policy" class="mention hashtag" rel="nofollow noopener noreferrer" target="_blank">#enomic_policy</a>

Internationalen.seVår kompis-blogg Pepprat Rödgrönt skriver om arbetstidsförkortning.<a href="https://pepprat.org/2024/08/19/minskad-arbetstid-i-var-livstid/" rel="nofollow noopener noreferrer" translate="no" target="_blank">https://pepprat.org/2024/08/19/minskad-arbetstid-i-var-livstid/</a><a href="https://social.spejset.org/tags/arbetstidsforkortning" class="mention hashtag" rel="nofollow noopener noreferrer" target="_blank">#arbetstidsforkortning</a> <a href="https://social.spejset.org/tags/fackligt" class="mention hashtag" rel="nofollow noopener noreferrer" target="_blank">#fackligt</a> <a href="https://social.spejset.org/tags/keynes" class="mention hashtag" rel="nofollow noopener noreferrer" target="_blank">#keynes</a> <a href="https://social.spejset.org/tags/arbetsliv" class="mention hashtag" rel="nofollow noopener noreferrer" target="_blank">#arbetsliv</a> <a href="https://social.spejset.org/tags/bloggtips" class="mention hashtag" rel="nofollow noopener noreferrer" target="_blank">#bloggtips</a>

Brett Hodnett<a href="https://c.im/tags/Bookstodon" class="mention hashtag" rel="nofollow noopener noreferrer" target="_blank">#Bookstodon</a> <a href="https://c.im/tags/Booksky" class="mention hashtag" rel="nofollow noopener noreferrer" target="_blank">#Booksky</a> challenge: Choose 20 books that greatly influenced you. One book per day, for 20 days. No explanations, no reviews, just covers.19/20 The General Theory of Employment, Interest, and money by John Maynard Keynes.<a href="https://c.im/tags/Keynes" class="mention hashtag" rel="nofollow noopener noreferrer" target="_blank">#Keynes</a>

Emeritus Prof Christopher MayWhen we look across the wreckage of the UK's economy, wrought by the class warfare & austerity policies of a decade & a half of Tory government, its worth reminding ourselves that Keynes had a solution for all of this... a focus on 'effective demand' - putting money into the hands of those who would actually spend it.If (and I accept that for many this is itself problematic) the UK's problem is a lack of demand, this has been caused by the Tory impoverishment of consumers!<a href="https://zirk.us/tags/keynes" class="mention hashtag" rel="nofollow noopener noreferrer" target="_blank">#keynes</a> <a href="https://zirk.us/tags/economics" class="mention hashtag" rel="nofollow noopener noreferrer" target="_blank">#economics</a>

Metin Seven 🎨<a href="https://graphics.social/tags/quote" class="mention hashtag" rel="nofollow noopener noreferrer" target="_blank">#quote</a> <a href="https://graphics.social/tags/quotes" class="mention hashtag" rel="nofollow noopener noreferrer" target="_blank">#quotes</a> <a href="https://graphics.social/tags/keynes" class="mention hashtag" rel="nofollow noopener noreferrer" target="_blank">#keynes</a> <a href="https://graphics.social/tags/economy" class="mention hashtag" rel="nofollow noopener noreferrer" target="_blank">#economy</a> <a href="https://graphics.social/tags/capitalism" class="mention hashtag" rel="nofollow noopener noreferrer" target="_blank">#capitalism</a> <a href="https://graphics.social/tags/humanity" class="mention hashtag" rel="nofollow noopener noreferrer" target="_blank">#humanity</a>

Asbjørn Ulsberg“Capitalism is the extraordinary belief that the nastiest of men for the nastiest of motives will somehow work together for the benefit of all.”— John Maynard Keynes<a href="https://icosahedron.website/tags/capitalism" class="mention hashtag" rel="nofollow noopener noreferrer" target="_blank">#capitalism</a> <a href="https://icosahedron.website/tags/keynes" class="mention hashtag" rel="nofollow noopener noreferrer" target="_blank">#keynes</a> <a href="https://icosahedron.website/tags/economics" class="mention hashtag" rel="nofollow noopener noreferrer" target="_blank">#economics</a> <a href="https://icosahedron.website/tags/economy" class="mention hashtag" rel="nofollow noopener noreferrer" target="_blank">#economy</a>

Mark Gardner<a href="https://mastodon.social/@DrRGST" class="u-url mention" rel="nofollow noopener noreferrer" target="_blank">@DrRGST</a> <a href="https://mas.to/@gwadej" class="u-url mention" rel="nofollow noopener noreferrer" target="_blank">@gwadej</a> Please note that before anyone blames <a href="https://social.sdf.org/tags/Reagan" class="mention hashtag" rel="nofollow noopener noreferrer" target="_blank">#Reagan</a>, that graph started to diverge and get shaky in the *early* 1970s. The apotheosis of <a href="https://social.sdf.org/tags/Keynes" class="mention hashtag" rel="nofollow noopener noreferrer" target="_blank">#Keynes</a>’ <a href="https://social.sdf.org/tags/economics" class="mention hashtag" rel="nofollow noopener noreferrer" target="_blank">#economics</a> was 1971’s <a href="https://social.sdf.org/tags/Nixon" class="mention hashtag" rel="nofollow noopener noreferrer" target="_blank">#Nixon</a> Shock; after that a brief reactionary blip into <a href="https://social.sdf.org/tags/Friedman" class="mention hashtag" rel="nofollow noopener noreferrer" target="_blank">#Friedman</a>’s <a href="https://social.sdf.org/tags/monetarism" class="mention hashtag" rel="nofollow noopener noreferrer" target="_blank">#monetarism</a> as the decade ended.We’ve been living with the worst of both worlds since the mid-80s as central planners try to ride herd on the <a href="https://social.sdf.org/tags/inflation" class="mention hashtag" rel="nofollow noopener noreferrer" target="_blank">#inflation</a> of floating fiat currencies.

Cory Doctorow"Practical men, who believe themselves to be quite exempt from any intellectual influences, are usually the slaves of some defunct economist" -Keynes(h/t Hamilton Nolan <a href="https://www.hamiltonnolan.com/p/stupid-power" rel="nofollow noopener noreferrer" translate="no" target="_blank">https://www.hamiltonnolan.com/p/stupid-power</a>)<a href="https://mamot.fr/tags/economics" class="mention hashtag" rel="nofollow noopener noreferrer" target="_blank">#economics</a> <a href="https://mamot.fr/tags/keynes" class="mention hashtag" rel="nofollow noopener noreferrer" target="_blank">#keynes</a>

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