Money and Government : The Past and Future of Economics / Robert Skidelsky.

Format:

Book

Author/Creator:

Skidelsky, Robert, author.

Language:

English

Subjects (All):

Economic policy.

Macroeconomics.

Economics.

Money.

Physical Description:

1 online resource (xix, 491 pages) : illustrations ; ǂc 25 cm

Place of Publication:

New Haven, CT : Yale University Press, [2018]

Language Note:

In English.

Summary:

A critical examination of economics' past and future, and how it needs to change, by one of the most eminent political economists of our time The dominant view in economics is that money and government should play only minor roles in economic life. Economic outcomes, it is claimed, are best left to the "invisible hand" of the market. Yet these claims remain staunchly unsettled. The view taken in this important new book is that the omnipresence of uncertainty makes money and government essential features of any market economy. Since Adam Smith, classical economics has espoused non-intervention in markets. The Great Depression brought Keynesian economics to the fore; but stagflation in the 1970s brought a return to small-state orthodoxy. The 2008 global financial crash should have brought a reevaluation of that stance; instead the response has been punishing austerity and anemic recovery. This book aims to reintroduce Keynes's central insights to a new generation of economists, and embolden them to return money and government to the starring roles in the economic drama that they deserve.

Contents:

Frontmatter

Contents

List of Figures

Preface

Introduction

Part One. History of Economic Thought

Introductory text

1. The Mysteries of Money: A Short History

2. The Fight for the Gold Standard

3. The Quantity Theory of Money: From History to Science

4. Theories of the Fertile and Barren State

Part Two. The Rise, Triumph and Fall of Keynes

5. Keynes's Intervention

6. The Keynesian Ascendancy

7. The Theory and Practice of Monetarism

Part Three. Macroeconomics in the Crash and After, 2007-

8. The Disablement of Fiscal Policy

9. The New Monetarism

10. Distribution as a Macroeconomic Problem

11. What Was Wrong with the Banks?

12. Global Imbalances

Part Four. A New Macroeconomics

13. Reinventing Political Economy

Notes

Bibliography

Index

Notes:

Includes bibliographical references (pages 427-460) and index.

Description based on online resource; title from PDF title page (publisher's Web site, viewed 20. Sep 2019)

ISBN:

0-300-24424-X

OCLC:

1055915421