https://blog.nath.page/tags/keynes/ Recent content in Keynes on blog.nath.page Hugo en-us Tue, 30 Jun 2026 00:00:00 +0000 https://blog.nath.page/posts/hutt/ Tue, 30 Jun 2026 00:00:00 +0000 https://blog.nath.page/posts/hutt/ <p>John Maynard Keynes published <em>The General Theory of Employment, Interest, and Money</em> in 1936. In it, he advocated for dirigistic inflationary policies to stimulate the economy and aid economic recovery. Idle resources—money, labor, capital—had to be employed; otherwise, they were being wasted.</p> <p>William H Hutt provided one of the earliest rebuttals of the general theory. His book, <em>The Theory of Idle Resources</em> (1939), lists several valid reasons for resource unemployment:</p>