Keynes: The Return of the MasterIn the debris of the financial crash of 2008, the principles of John Maynard Keynes—that economic storms are a normal part of the market system, that governments need to step in and use fiscal ammunition to prevent these storms from becoming depressions, and that societies that value the pursuit of money should reprioritize—are more pertinent and applicable than ever. InKeynes: The Return of the Master, Robert Skidelsky brilliantly synthesizes Keynes career and life, and offers nervous capitalists a positive answer to the question we now face: When unbridled capitalism falters, is there an alternative? |
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accepted activity adjustment allowed American argued assets assumed average banks become behaviour believed billion borrowing called capital caused changes classical collapse countries crisis debt demand Depression developed economic economists effect efficient equilibrium ethical exchange existing expectations explain fact failure fall fiscal followed forces full employment funds future global growth hold ideas important income increase individual inflation interest investment Keynes Keynes’s Keynesian less macroeconomic means models monetary moral natural period philosophy political position possible present probability problem production rational reason reduce regulation reserves result risk saving short social society spending stability standard started supply theory things thinking thought trade turn uncertainty unemployment wages wealth whole wrote