Keynes : The Return of the Master

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The ideas of John Maynard Keynes have never been more timely. No one has bettered Keynes's description of the psychology of investors during a financial crisis: The practice of calmness and immobility, of certainty and security, suddenly breaks down. New fears and hopes will, without warning, take charge of human conduct...the market will be subject to waves of optimistic and pessimistic sentiment. ' Keynes's preeminent biographer, Robert Skidelsky, Emeritus Professor of Political Economy at the University of Warwick, brilliantly synthesizes from Keynes's career and life the aspects of his thinking that apply most directly to the world we currently live in. In so doing, Skidelsky shows that Keynes's mixture of pragmatism and realism which distinguished his thinking from the neo-classical or Chicago school of economics that has been the dominant influence since the Thatcher-Reagan era and which made possible the raw market capitalism that created the current global financial crisis is more pertinent and applicable than ever. Crucially Keynes offers nervous capitalists and Keynes never wavered in his belief in the capitalist system a positive answer to the question we now face: When unbridled capitalism falters, is there an alternative? "In the long run," as Keynes famously said, "we are all dead". We may not have time to wait for the perfect theoretical operation of capital as the neo-classicists insist will happen eventually. In the meantime, we have Keynes: more supple, more human and more magnificently real than more

Product details

  • Hardback | 240 pages
  • 170.18 x 248.92 x 33.02mm | 453.59g
  • PublicAffairs,U.S.
  • New York, United States
  • English
  • 1586488279
  • 9781586488277
  • 565,067

About Robert Skidelsky

Robert Skidelsky is Emeritus Professor of Political Economy at the University of Warwick. His three volume biography of the economist John Maynard Keynes (1983, 1992, 2000) received numerous prizes, including the Lionel Gelber Prize for International Relations and the Council on Foreign Relations Prize for International Relations ('This three-volume life of the British economist should be given a Nobel Prize for History if there was such a thing' - Norman Stone). He is the author of The World After Communism (1995). He was made a life peer in 1991, and was elected Fellow of the British Academy in more

Review quote

Paul Krugman, Observer (UK)"An important contribution at a time of soul-searching, a must read even if one doesn't fully accept its conclusions.... This is a wonderfully stimulating book, one that reflects the author's unparalleled erudition. We're living in the second Age of Keynes--and Robert Skidelsky is still the guide of choice." Richard A. Posner, The New Republic"Skidelsky's summary of what is distinctive in Keynes's theory is excellent." Roy Hattersley, Guardian (UK)"Wonderfully lucid.... Ought to be considered required reading for every prospective minister." BusinessWeek"Explaining the present-day relevance of [Keynes'] theories is executed superbly by Skidelsky.... Skidelsky's book excels. It's a passionate polemic that makes a strong case for economists and policymakers to reread their Keynes." Charles R. Morris, Commonweal"A profound and beautifully written meditation on the dangers of bad ideas, readily accessible to anyone who isn't mystified by the headlines in the Wall Street Journal or the Economist ."show more

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696 ratings
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2 7% (46)
1 2% (13)
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