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John Maynard Keynes (1883-1946) is a central thinker of the twentieth century, not just an economic theorist and statesman, but also in economics, philosophy, politics, and culture. In this Very Short Introduction Lord Skidelsky, a renowned biographer of Keynes, explores his ethical and...
Persistent link: https://www.econbiz.de/10008924201
This paper argues that the thinking of John Maynard Keynes remains highly relevant to an understanding of the financial collapse of 2007--8 and for policy measures to enable the world to escape from the 'great recession'. The essay explains the role of uncertainty in Keynes's theory, and the...
Persistent link: https://www.econbiz.de/10009148177
In the light of recent market volatility, this essay asks: is Keynes dead or alive? The broad conclusion is that while macroeconomic models are still used, very little survives of Keynes’s original theory. 'New Keynesians' have replaced his key concept of radical uncertainty by models of...
Persistent link: https://www.econbiz.de/10005436220
Persistent link: https://www.econbiz.de/10005889827
The Economic Crisis and the State of Economics brings together leading economists from a diverse set of backgrounds and presents their take on how economics can explain the current crisis but also how the crisis will affect economic thought
Persistent link: https://www.econbiz.de/10012053781