In dem so geschichtsträchtigen Jahr 1848 erschienen John Stuart Mills "Principles of Political Economy - with Some of Their Applications to Social Philosophy". Die 150. Wiederkehr dieses Ereignisses von nachhaltigem Einfluß auf das ökonomische, ja auf das gesellschaftspolitische Denken in...

As the stock market crash of 1929 plunged the world into turmoil, two men emerged with competing claims on how to restore balance to economies gone awry. John Maynard Keynes, the mercurial Cambridge economist, believed that government had a duty to spend when others would not. He met his...