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A critical examination of economics’s 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 a minor role 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 nonintervention 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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Subjects
Macroeconomics, Economic policy, Economics, MoneyShowing 7 featured editions. View all 7 editions?
Edition | Availability |
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1
Money and Government: The Past and Future of Economics
2019, Yale University Press
in English
0300248628 9780300248623
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2
Money and Government: A Challenge to Mainstream Economics
2019, Penguin Books, Limited
in English
0141988614 9780141988610
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3
Money and Government: The Past and Future of Economics
Sep 25, 2018, Blackstone Audio
audio cd
1982544686 9781982544683
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4
Money and Government: A Challenge to Mainstream Economics
2018, Penguin Books, Limited
in English
0241352827 9780241352823
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zzzz
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WorldCat
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5
Money and Government: The Past and Future of Economics
2018, Yale University Press
in English
0300240325 9780300240320
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zzzz
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WorldCat
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6
Money and Government: A Challenge to Mainstream Economics
2018, Penguin Books, Limited
in English
0241352835 9780241352830
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WorldCat
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7
Money and Government: The Past and Future of Economics
2018, Yale University Press
in English
030024424X 9780300244243
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zzzz
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- Created July 18, 2022
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July 18, 2022 | Created by ImportBot | Imported from Better World Books record |