Mortgaging the Next Generation

John Maynard Keynes was born in Cambridge, England in 1883, to a privileged elitist academic family. Keynes became an influential economist and he is best known for his economic theories on the causes of prolonged unemployment, and for his most influential work, The General Theory of Employment, Interest and Money, which was first published in … Read more

What Karl Marx Got Right

During the 18th century, the higher efficiency of the nascent factory system made the previously revolutionary cottage industry production system less efficient and therefore newly uncompetitive. As a result the cottage industry system lost its commercial viability and gradually began to fail economically. The combination of the decline of cottage industries and the rise of … Read more