...interpretation of what worked and what didn't in American economic policy. As no one knew better than Keynes, "The ideas of economists and political philosophers,...understood. Indeed, the world is ruled by little else." [From the Mew Republic, May 29 and June 12, 1935] ROOSEVELT'S TREE ARMY (Br JONATHAN MITCHELL) Henceforth,...

...interpretation of what worked and what didn't in American economic policy. As no one knew better than Keynes, "The ideas of economists and political philosophers,...understood. Indeed, the world is ruled by little else." , j .1 [From the New Republic, May 29 and Jane 12, 193r. J . . . ROOSEVELT'S TREE ARMY (BY JONATHAN...

...controversial John Maynard Keynes may have been in economics, in this he spoke an unexceptionable word : "The ideas of economists and political philosophers,...when they are right and when they are wrong, are more ix>werful than is commonly understood. Indeed the world is ruled by little else. Practical men, who...

...receive it; eager to try it out, if it / should be even plausible. But apart from this contemporary mood, the ideas of economists and political philosophers, both when they are right and when they art wrong, are more powerful than is ewmmonly understood. Indeed the world is ruled by little else....

...and bad, have an impact. We take our inspiration from John Maynard Keynes, who wrote of "scribblers": "The ideas of economists and political philosophers,...they are wrong, are more powerful than is commonly understood."25 The Approach In addition, we should declare our own normative agenda, which extends...

...perspective. He asserted in his 1936 masterwork. The General Theory of Employment. 1nterest. and Money. that "the ideas of economists and political philosophers. both when they are righi and when they are wrong. are more powerful than is commonly understood. 1ndeed the world is ruled...

...in economic thought. Of all the dicta of Keynes, probably the least substantiated is his contention that "The ideas of economists and political philosophers,...understood. Indeed the world is ruled by little else." To expect economic science, however flourishing, to change the underlying reality is a form of "scientism"...

...economists, and Friedrich Hayek quoted that remark with some approval, saying, "I agree with Lord Keynes that 'the ideas of economists and political philosophers,...understood. Indeed, the world is ruled by little else.'" This is one of the few matters on which I disagree with Hayek. All of us like to think we are important—...

...illustrates, the views of economists have far-reaching consequences for the way the world works. In his words, "the ideas of economists and political philosophers,...understood. Indeed, the world is ruled by little else" (1936, 383). The culture in which we live and are raised establishes for most people what is regarded...

...studies.) The final words of the General Theory (1936) emphasize the interaction of theory and practice: 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...