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Synopsis
Will Hutton argues that Keynesian revolution has yet to take place. Economists, he finds, have not yet come to terms with the heart of Keynes' argument: that there are limits to what prices can do in a market economy. But referring closely to Keynes' writings, Hutton demonstrates that Keynes was concerned to show how the financial sector of the economy originated and how it reinforced the incapacities of the market economy.Post-war Keynesianism, Will Hutton concludes, has overstressed the role of fiscal policy in programmes of Keynesian economic management: it is but one element in a larger policy of financial and momentary leverage aimed at leaning against these market incapacities. By insisting that government intervention is a prerequisite to the proper functioning of the market, Keynesianism in effect becomes a political philosophy challenging the entire panoply of economic and political liberalism. As such it may require important changes in the structure of government if it is to be implemented successfully.
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About the Author
Will Hutton is Chief Executive of the Industrial Society. He was previously editor-in-chief of the Observer, and is the author of many books, including the bestselling The State We’re In.
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- PublisherVintage
- Publication date2001
- ISBN 10 0099285681
- ISBN 13 9780099285687
- BindingPaperback
- LanguageEnglish
- Number of pages256
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The Revolution That Never Was: An Assessment of Keynesian Economics
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Condition: Good. Your purchase helps support Sri Lankan Children's Charity 'The Rainbow Centre'. Ex-library, so some stamps and wear, but in good overall condition. Our donations to The Rainbow Centre have helped provide an education and a safe haven to hundreds of children who live in appalling conditions. Seller Inventory # Z1-W-023-01803
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The Revolution That Never Was
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The Revolution That Never Was
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THE REVOLUTION THAT NEVER WAS, AN ASSESSMENT OF KEYNESIAN ECONOMICS
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Couverture souple. Condition: bon. RO40223500: 1986. In-8. Broché. Très bon état, Couv. fraîche, Dos impeccable, Intérieur frais. 229 pages. . . . Classification Dewey : 420-Langue anglaise. Anglo-saxon. Seller Inventory # RO40223500
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