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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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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Book Description Vintage 11/01/2001, 2001. Book Condition: Good. Will be shipped promptly from UK warehouse. Book is in good condition with no missing pages, no damage or soiling and tight spine. There may be some dog-eared pages showing previous use but overall a great book. Bookseller Inventory # 9053-9780099285687
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Book Description Vintage 11/01/2001, 2001. Paperback. Book Condition: Good. A few dirty marks, a couple of creases and slight shelf wear on cover. Content is fine. Paperback. Bookseller Inventory # 108006-8
Book Description Random House UK, 2001. Paperback. Book Condition: Good. Good condition, some are ex-library and can have markings. Bookseller Inventory # GD-244-18-5863005
Book Description Vintage Books, 1986. Couverture souple. Book Condition: Très bon. In-8. RO40223500: 229 pages. (Rare) By the author of 'The State We're In'. With a new Introduction. In-8 Broché. Très bon état. Couv. fraîche. Dos impeccable. Intérieur frais Classification Dewey : 420-Langue anglaise. Anglo-saxon. Bookseller Inventory # RO40223500