In "Keynes: The Return of the Master," author Robert Skidelsky revisits the economic theories and philosophies of John Maynard Keynes. The book emphasizes how Keynes’ ideas have regained relevance in light of modern economic crises, particularly after the 2008 financial collapse. Skidelsky argues that Keynes' focus on aggregate demand and government intervention can provide valuable insights into contemporary economic challenges.
Skidelsky highlights how the persistent issues of unemployment and economic stagnation in developed economies echo the Great Depression, a period when Keynes’ theories were most impactful. He advocates for a renewed interest in Keynesian economics, suggesting that government spending and fiscal policies are essential in stimulating growth and addressing inequality.
The book also explores the philosophical underpinnings of Keynes' thought, contrasting it with classical economics. Skidelsky illustrates how Keynes' approach encourages a more pragmatic and flexible attitude toward economic policy, advocating for active measures to mitigate financial crises and enhance social welfare. Overall, "Keynes: The Return of the Master" presents a compelling case for revisiting Keynesian ideas in modern economic discourse.
More »
Today Birthdays
1975 -
Teju Cole
1965 -
Simon Sebag Montefiore
1941 -
James P. Hogan
1880 -
Helen Keller
1850 -
Lafcadio Hearn
1884 -
Gaston Bachelard
1953 -
Alice McDermott
1966 -
J. J. Abrams
1996 -
Lauren Jauregui
1980 -
Kevin Pietersen
1975 -
Tobey Maguire
1955 -
Isabelle Adjani
1959 -
Jeff Miller
1999 -
Chandler Riggs
1976 -
Wagner Moura
1987 -
Ed Westwick