John Maynard Keynes

John Maynard Keynes, a significant economist, is discussed in this podcast. They talk about his remarkable life, his gilded youth at Eton and Cambridge, his rivalries with classical economists, and his rise to wealth and influence. Despite his achievements, his policy prescriptions were usually ignored, making him Mister Told-you-so. Next week: the rise and fall (and rise again) of Keynesianism.

Discussing the impact of inflation on purchasing power, guest Oliver Rust introduces Truflation, a new inflation calculation service. True inflation rates are analyzed, focusing on housing data discrepancies and rising costs. Insights on inflation trends, labor costs, and implications for the housing market are explored, emphasizing the need for diverse perspectives and challenging views in decision-making.

Join economic titans Adam Smith, a founder of capitalism; Karl Marx, the critiquer of capitalist society; and John Maynard Keynes, pioneer of macroeconomic thought, as they delve into vital lessons from economics. They discuss the dual narratives of human progress and environmental crisis over the last fifty years. From food security advancements to the fight for social justice, each guest brings valuable insights on wealth disparity and innovative economic theories, making it a journey through history and philosophy.