...economic tragedy inevitably leads to human tragedy because, as John Maynard Keynes famously remarked: The ideas of economists and political philosophers,...are usually the slaves of some defunct economist. (Keynes, 1936: 383) Before discussing exactly what is economically wrong with using statistical significance...

...by scholars strongly influence how reality is described and interpreted. As Keynes (1936) cautioned, "Practical men, who believe themselves to be quite...distilling their frenzy from some academic scribbler of a few years back." Yet when faced with new realities, the "practical men" also deviate from standard...

...highlighting the demise of gold and the inconsistency of fixed parities with independent monetary policies. 14 "[T]he ideas of economists and political philosophers,...understood. Indeed the world is ruled by little else. ... I am sure that the power of vested interests is vastly exaggerated compared with the gradual encroachment...

...observer of power as Machiavelli was John Maynard Keynes who well described the origin of true power: The ideas of economists and political philosophers,...understood. Indeed the world is ruled by little else. I am sure that the power of vested interests is vastly exaggerated compared to the gradual encroachment...

...economic policy-making also has often been recognized; as early as 1936, Keynes poignantly remarked that: the ideas of economists and political philosophers,...understood. Indeed the world is ruled by little else. ... I am sure that the power of vested interests is vastly exaggerated compared with the gradual encroachment...

...lead to blighted reefs, it is the price of progress. It seems that the economist Keynes was right: "the ideas of economists and political philosophers,...understood. Indeed the world is ruled by little else." Over the past few decades I have had many conversations with planners and consultants about their projects...

...the editors and publishers for permission to reuse this material. CHAPTER ONE Before "the Economy" The ideas of economists and political philosophers,...understood. Indeed the world is ruled by little else. —John Maynard Keynes, The General Theory of Employment, Interest and Money Daily references are made...

...legislation in the Senate to effect such a program. 2 The Case for World Government Ideas of economic and political philosophers both when they are right...understood. Indeed, the world is ruled by little else. Madmen in authority, who hear voices in the air, are distilling their frenzy from some academic scribbler...

...theorist. 1 But see John M. Keynes, The General Theory of Employment, Interest and Money 383 (1936) ("Practical men, who believe themselves to be quite...are usually the slaves of some defunct economist"). 63 The International Economic Law Revolution and the Right to Regulate A. John Jackson as a Colleague...

...and Innovation Foundation. Part One THE SUPPLY-SIDE REVIVAL Chapter One The Perfect Reagan Republican Practical men, who believe themselves to be quite...are usually the slaves of some defunct economist. — John Maynard Keynes In l990, a young economist published a book defending the Reagan administration's...