In responding to the financial crash of 2008, both the Bush Administration and the Obama Administration have relied on prescriptions developed by John Maynard Keynes, the most important economist since Marx. But should we be relying on Keynes? What did Keynes actually say? Did h…
Presents an overview of the economic theories of John Maynard Keynes and offers a critique of the Keynesian economic strategy of borrowing and spending which has been used by the current Obama administration to deal with the fiscal crisis of 2009.
These essays place the "historical" Keynes in the context of his own times to study the economic doctrines associated with his name. The author explores Keynes' major works and ideas: his thoughts on uncertainty and confidence; and his commitment to the politics of persuasion.
The ideas of John Maynard Keynes inspired the New Deal and helped rebuild world economies after World War II--and were later dismissed as "depression economics." Then came the great meltdown of 2008. Noted historian Clarke provides a timely and masterful accounting of Keynes's l…
