Keynes' Primer: His Three Key Insights

The video discusses the influence of Maynard Keynes on economics, highlighting his ideas on fundamental uncertainty and the role of demand in economic activity. It contrasts Keynesian economics with mainstream free market theories, emphasizing the differences in their approaches to macroeconomic systems and probability. The speaker also covers Keynes' contributions to national income accounting and critiques the dominance of supply-side economics.

What is the main argument presented in the book 'Maynard's Revenge'?

How did Maynard Keynes influence economic thought before the 1960s and 1970s?

What was the impact of the crisis on the perception of free market macroeconomics?

What does the term 'fundamental uncertainty' refer to in the context of macroeconomics?

What are the two sets of prices in the capitalist system according to the discussion?

Explain the fundamental difference between Keynesian economics and mainstream economics.

How did Keynes's views on probability differ from those of mainstream economists?