what would keynes do?

What is the optimal quantity of beer to drink?

What is the optimal quantity of beer to drink?

Question number 3 from What would Keynes do? – If I enjoy drinking beer. How much should I drink? Key quote “My only regret in life is that I did not drink more champagne.” John Maynard Keynes. If something is good to do – does it mean it is good to do it to excess? This question allows us to consider various economic concepts Rational choice theory Are consumers rational? What is a demerit good -…

It is OK to be selfish?

It is OK to be selfish?

With my new book – What would Keynes do? – The brief was to write essays on how famous economists would respond to everyday questions. So for example, for the question – Is it OK to be selfish? I examined how the likes of Adam Smith, Karl Marx, Arthur Pigou and Alfred Marshall might answer this question – using their economic teachings. It was a good experience to research and share the views of different economists, but now I’ve finished writing the…