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Roosevelt and Keynes

As we learned in the previous film, Keynes gave his personal advice to President Franklin D. Roosevelt in an open letter. In this article, Sir Vince Cable highlights key components …

Roosevelt and Keynesian Economics

The New Deal cemented Franklin D. Roosevelt’s political reputation as one of the ‘greats’ along with Washington and Lincoln. It built a powerful coalition around the Democratic Party which lasted …

Industrialization from an Economic Perspective

There are three critical steps to industrialization: technological progress, capital accumulation, and the timing of industrialization. All three of these steps came together in Meiji Japan and combined they transformed …

The Meiji Emporer

The first Meiji emperor, Mutsuhito, likely had very little understanding of economics or perhaps even the policies enacted in his name. Nonetheless, his accession marked a turning point in Asian, …

Brexit and the Economics of Common Markets

The referendum as to whether the United Kingdom should leave or remain part of the European Union – Brexit – dominated the headlines in 2016. Brexit will dominate British politics, …

Free Trade: Historic Context

In order to understand the debates over free trade and protectionism, it is helpful to understand the historic context in which free trade has developed. In this article, Sir Vince …

Alternatives to and Developments in Free Trade

While a consensus regarding free trade has been reached by many economists, there are those who advocate alternative approaches to free trade. Further, there are others who advocate adjusting free …

Sir Robert Peel: The Man and the Times

Sir Robert Peel is famous today as a great reformer, economic revolutionary, and hero of the working people. However, there is little from his early career that would have foreshadowed …

The Role of the State in the Economy

Alexander Hamilton advocated a strong unitary national government where states would only have limited powers. However, federalism was the more appropriate structure to bring the individual states together as one …
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