What's the keynesian revolution about?
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http://en.wikipedia.org/wiki/Keynes\nhttp://en.wikipedia.org/wiki/Say's_Law\nThere is some info. here. Hope this Helps!
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I think you are talking about the Industrial Revolution.\n\nTo find out more, you can just check out the website below!\n\nHope I've been of some help!\n\nhttp://en.wikipedia.org/wiki/Industrial_revolution
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Capitalism is commonly understood to mean an economic or socioeconomic system in which the means of production are predominantly privately owned and operated for profit, often through the employment of labour. Other systems would include monarchism (the monarch owns everything), socialism (communities own everything) and communism (the state owns everything).\n\nIs it good? The capitalist mode of production is capable of tremendous growth because the capitalist can, and has an incentive to, reinvest profits in new technologies. Marx considered the capitalist class to be the most revolutionary in history, because it constantly revolutionized the means of production. But Marx argued that capitalism was prone to periodic crises. He suggested that over time, capitalists would invest more and more in new technologies, and less and less in labor. Since Marx believed that surplus value appropriated from labor is the source of profits, he concluded that the rate of profit would fall even as the economy grew. When the rate of profit falls below a certain point, the result would be a recession or depression in which certain sectors of the economy would collapse. And when it collapses (eg as in the Great Reccession of the 1920's and 30's then things are very bad).
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Just spreading the ideas of Karl Marx. Not sure what the speech was about but Stalin was not a political thinker, just a drunk with an army.\n\nI assume the speech was about the Communist take over of the US. Marx wrote that a revolution would one day replace Capitalism and its economic inequality with a system of total economic equality.
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Most countries have adopted supply side economics for cetain periods - example during Prez Reagan's time (USA), Austria and UK (following Keyne's findings that public investment helped reduce inflation).\n\nSupply-side economics developed during the 1970s of the Keynesian dominance of economic policy, and in particular the failue of demand management to stabilise Western economies in the stagflation of the 1970s, in the wake of the oil crisis in 1973. [1] (Case & Fair, 1999: 780).\n\nIt drew on a range of non-Keynesian economic thought, particularly the Austrian school, e.g. Joseph Schumpeter and monetarism.
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ok I'll give it a go.\n\nSo the industrial revolution brought about the invention of tractors, combine harvesters and other machines that greatly increased the amount of wheat that could be harvested.\n\nWho benefited?\n\nland owners - had more wheat to sell. Despite the initial outlay on machines they could sack some workers and thereby reducing expenses.\n\nThe government - had a greater resource of food which they could use to feed more people. \n\nMore wheat makes it less expensive (supply & demand) and so the workers benifited by cheaper food. \n\nThe oxen, cows etc. benifited by being able to take it easy -but they where probably just eaten.\n\nIs this of any use?
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It is the basic tenent of Marxism.  From each according to his means, to each according to his needs.  Sadly, a large number of people in a recent poll actually identified that statement as coming from the Bill of Rights.\n\nWe have what is known as a "progressive" tax system, which is based upon the notion that the "rich" have more, so they can give more.  Pure Marxism.\n\nAs a result, according to IRS statistics, the highest 20% of income earners pay over 82.1% of the taxes.  The bottom 50% of income earners pays statistically nothing.\n\nUnfortunately, not only does this punish achievement, it depresses the economy for all of us (I am a teacher, so I do not qualify as "rich").  Another result is that tax reform becomes harder and harder as more and more people pay little or no taxes.  Try selling a tax cut to a net user in America today.
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Somebodies got a paper to write. There was a revolution in America?
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The concept of consumer credit was new at the time of the GD and people were over-leveraged, meaning they bought more than they could afford, on credit. Businesses did the same thing and the banks were getting defaulted on all kinds of loans. Stocks were overvalued and investors panicked when the market began to correct. The government finally had to bail out the banks. Since then the Federal Reserve Bank has been cautious about controlling interest rates and money supply by regulating lending practices and measuring inflation. This helps stabilize the value of the dollar which in turn stabilizes the stock market.
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The French Revolution was a major turning point in European history.  The major socialist revolutions of the twentieth century in Russia, China and Cuba were inspired the French example. \n\nSome other consequences included:\n\nPower remained centralized anew, but the door was open for role of wealth and merit, not heritage to become important.\n\nCitizenship, political rights: emerging liberalism \n\nEmergence of bourgeoisie, as in England, points toward Industrial Revolution, and toward\n\nRise of nationalism: nation (people) as sovereign \n\nPower of people (sans-culottes): toward socialism\n\nI've included links with more information.
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It's here, whether we like it or not!!\n\nRead Friedman's The World Is Flat: A Brief History of the Twenty-first Century.\n\nIt's about outsourcing.\n\nWhat Friedman means by "flat" is "connected": the lowering of trade and political barriers and the exponential technical advances of the digital revolution have made it possible to do business, or almost anything else, instantaneously with billions of other people across the planet.\n\nGlobalization 3.0, as he calls it, is driven by individuals: desktop freelancers and innovative startups all over the world (but especially in India and China) who can compete--and win--not just for low-wage manufacturing and information labor but, increasingly, for the highest-end research and design work as well.\n\nVery interesting book...
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the federal reserve disaster & lieing us into war.\nhttp://www.philipdru.com/griffin3_stream.html
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See for yourself.\n\nhttp://sparknotes.com/economics
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http://www.tsha.utexas.edu/handbook/online/articles/TT/qdt1.html  try this site, although you should really delve into the revolution more thoroughly...it's amazing history!
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"You Say You Want a Revolution"\n\n(Beatles song)
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Economics - called the dismal science - studies scarcity of resources on a macro level.  Specific occurrences on a micro level, how an efficient plant operates for example.  Resources have to be managed effectively or they are wasted.  This also includes money.  \n\nSupply and demand is at the core of economics I believe.  Price versus quantity help individual companies decide how much to produce and at what price.  This also includes borrowing which is a staple of capitalism and society, expensive money is expressed in high interest rates.\n\nAs for your other question about the importance of the economy now as opposed to years ago, I don't think so.  It's always been important - the Roman Empire had to deal with inflation.  We just have different circumstances and are much more entwined with other economies.
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Doug North's "Institutions, Institutional Change and Economic Performance" will be essential to understanding where the field has gone recently.  It's much more concrete than Stiglitz' "Globalization", which, while interesting, carries a lot of opinionizing among the little bit of theory.  North is considered the premier authority on institutions in the academic world today.  I've also attached a reading list from one of the recent events in the field, and it's pretty comprehensive.\n\nThose should keep you busy for a while.  :)