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, 2001. Paperback. Book Condition: Used; Good. Bookseller Inventory # mon0001668794
Book Description Vintage, 2001. Paperback. Book Condition: Very Good. The Revolution That Never Was: An Assessment of Keynesian Economics This book is in very good condition and will be shipped within 24 hours of ordering. The cover may have some limited signs of wear but the pages are clean, intact and the spine remains undamaged. This book has clearly been well maintained and looked after thus far. Money back guarantee if you are not satisfied. See all our books here, order more than 1 book and get discounted shipping. . Bookseller Inventory # 7719-9780099285687
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Book Description Vintage, 2001. Paperback. Book Condition: Good. A slight tan to the page edges. Good condition is defined as: a copy that has been read but remains in clean condition. All of the pages are intact and the cover is intact and the spine may show signs of wear. The book may have minor markings which are not specifically mentioned. Most items will be dispatched the same or the next working day. Bookseller Inventory # mon0006396960
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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