Money and Government

The Past and Future of Economics

Business & Finance, Economics, Macroeconomics, Nonfiction, Social & Cultural Studies, Political Science, Politics, Economic Policy, Economic History
Cover of the book Money and Government by Robert Skidelsky, Yale University Press
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Author: Robert Skidelsky ISBN: 9780300244243
Publisher: Yale University Press Publication: November 13, 2018
Imprint: Yale University Press Language: English
Author: Robert Skidelsky
ISBN: 9780300244243
Publisher: Yale University Press
Publication: November 13, 2018
Imprint: Yale University Press
Language: English

A critical examination of economics' past and future, and how it needs to change, by one of the most eminent political economists of our time

The dominant view in economics is that money and government should play only minor roles in economic life. Economic outcomes, it is claimed, are best left to the "invisible hand" of the market. Yet these claims remain staunchly unsettled. The view taken in this important new book is that the omnipresence of uncertainty makes money and government essential features of any market economy.

Since Adam Smith, classical economics has espoused non-intervention in markets. The Great Depression brought Keynesian economics to the fore; but stagflation in the 1970s brought a return to small-state orthodoxy. The 2008 global financial crash should have brought a reevaluation of that stance; instead the response has been punishing austerity and anemic recovery. This book aims to reintroduce Keynes’s central insights to a new generation of economists, and embolden them to return money and government to the starring roles in the economic drama that they deserve.

View on Amazon View on AbeBooks View on Kobo View on B.Depository View on eBay View on Walmart

A critical examination of economics' past and future, and how it needs to change, by one of the most eminent political economists of our time

The dominant view in economics is that money and government should play only minor roles in economic life. Economic outcomes, it is claimed, are best left to the "invisible hand" of the market. Yet these claims remain staunchly unsettled. The view taken in this important new book is that the omnipresence of uncertainty makes money and government essential features of any market economy.

Since Adam Smith, classical economics has espoused non-intervention in markets. The Great Depression brought Keynesian economics to the fore; but stagflation in the 1970s brought a return to small-state orthodoxy. The 2008 global financial crash should have brought a reevaluation of that stance; instead the response has been punishing austerity and anemic recovery. This book aims to reintroduce Keynes’s central insights to a new generation of economists, and embolden them to return money and government to the starring roles in the economic drama that they deserve.

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