Book ID: CBB841092967

Money and government: The past and future of economics (2018)

unapi

Skidelsky, Robert (Author)


Yale University Press


Publication Date: 2018
Physical Details: 491
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.

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Reviewed By

Review Hugh Rockoff (Spring 2020) Review of "Money and government: The past and future of economics". Business History Review (pp. 257-261). unapi

Citation URI
https://data.isiscb.org/isis/citation/CBB841092967/

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Authors & Contributors
James P. Woodard
Scott Rozelle
Swamy, Anand V.
Mehl, Arnaud
Amaeshi, Kenneth
Idemudia, Uwafiokun
Concepts
Economic history
Economics
Economic policy
Money
Capitalism
Banks and banking
Time Periods
20th century
21st century
19th century
18th century
Places
United States
China
Russia
India
Great Britain
Brazil
Institutions
American Patent Agency
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