i-walk e-march

I am attempting to get a petition on Downing Street Web site, to be signed by those who wish to repeat THE LONG MARCH of the 30s in todays format. I am looking for help from prominent people, newpapers, and TV media, to publish the links for people to i-walk on an e-march. I will need help to log the people, both from the UK, and from all over the world (showing the source) so that it will influence the talk at the UK cabinet, and the worldwide forum called to address the financial system to replace Bretten Woods.

Any help to launch this would be most welcome

Keynes and Great Depression

It was during the 1930s, that Keynes' really made his mark as an economist, helping to develop a whole new branch of Economics.

When the Great Depression hit, with unprecedented ferocity, economists were at a loss to explain its causes and how to overcome it. Prevailing economic orthodoxy stuck to the old classical view that Markets will clear in the long run.

At the height of the crisis, the fledgling Labour government was told by Treasury officials that the government must balance the budget to survive the depression. This effectively meant increasing taxes and cutting unemployment benefits. Keynes described this as economic madness and argued for the exact opposite. He argued in a recession of this magnitude, it was necessary for the government to intervene and actively stimulate the economy. Apart from a few half hearted attempts such as the new deal, Keynes' policies were largely ignored in the UK and US; and high levels of unemployment persisted until the start of the second world war.

It was to this backdrop that Keynes wrote his General Theory of Employment, Interest, and Money (1936). Quite a dense work, it still broke the mould of classical economics and created a powerful argument for active demand management. ALthough, his theories were later criticised by Monetarists, much of his thought remain key elements of modern economic theory. Keynes was a great publicist for his theories.

He would say things like:"The government should pay people to dig holes in the ground and then fill them up."

People would reply. "that's stupid, why not pay people to build roads and schools"

Keynes would respond saying "Fine, pay them to build schools. The point is it doesn't matter what they do as long as the government is creating jobs".

He wanted to emphasise the importance of intervening in a recession.

Keynes was a new style of Economist. He wasn't just content to spend hours reading away in the British Library (like Karl Marx) he understood the importance of the soundbite and actually influencing the political process.

Quotes on Keynes
"No one in our age was cleverer than Keynes nor made less attempt to conceal it."
- R. F. Harrod in The Life of John Maynard Keynes (1951)
"We're all Keynesians now."
- US President Richard Nixon (1972)
"If you put two economists in a room, you get two opinions, unless one of them is Lord Keynes, in which case you get three opinions."
- Winston Churchill

Extracted from an internet search - Source . Tejvan Richard Pettinger

http://www.economicshelp.org/

I am concerned about UNEMPLOYMENT

I think we need to stand behind Gordon Brown with solidity while he solves problems for us and the world.No-one has done better for our economy so far, and I am certain that he has the courage and new ideas to change the country and the world for the better and in favour of the poor of this world.

UNEMPLOYMENT does not have to be


May I request that the Prime Minister rules in the Kenysian tools in this recession - so the building industry remains in a sensible shape? Gordon Brown said he will do whatever it takes to deal with the financial system, but can we have that on this as well? Keyne was forsaken twice by this nation, in the 30s, and by John Major in the 90s.

The conservatives want to do it 3rd TIME, notice how all their speeches say how there was too much spent in the past so we have no reserves to spend in bad times, THIS IS Humbug and frightening to me as a qualified Economist. It is John Major once again. Can the Gordon who obtained a double first explain the bug in this thinking please?

Can others who are learned support this forum?

I lost 18 years of my prime life becasue of John Majors hammer to crack a nut approach, and I hope Gordon is given a chance to correct the wrong done then, so that the tools can be used to remove human misery in the future throughout the world.

I have posted an extract from Tejvan Richard Pettinger's (An OXFORD Graduate teaching A Level Economics) writup on Keynes in this blogg. Keynes, proposed to a previous weak labour government, and wow the conditions / arguments look the same! 70 years later!

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