MoneyandGovernment

"By one of the most eminent political economists of our time, this important new book presents a critical examination of economics’ past and future, and advocates for the essential role of money and government in any market economy.

The dominant view in economics is that the market’s “invisible hand” is the best determinant of economic outcomes, with money and government playing only a minor role. However, the omnipresence of uncertainty makes these claims unsettled. The book argues that since Adam Smith, classical economics has espoused non-intervention in markets, but the Great Depression brought Keynesian economics to the forefront. The 1970s stagflation brought a return to small-state orthodoxy, which persisted even after the 2008 global financial crash.

Instead of reevaluating this stance, the response to the 2008 crash has been punishing austerity and anemic recovery. This book aims to introduce 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."

作者简介

RobertSkidelskyisemeritusprofessorofpoliticaleconomyattheUniversityofWarwick.Heistheauthorofmanybooks,mostnotablyathree-volumebiographyofJohnMaynardKeynes.