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Money and Government: A Challenge to Mainstream Economics (English Edition) de Robert Skidelsky
Descripción - The dominant view in economics is that money and government should play only a minor role in economic life. Money, it is claimed, is nothing more than a medium of exchange; and economic outcomes are best left to the 'invisible hand' of the market. In contrast, the view taken in this important new book is that the omnipresence of uncertainty makes money and government essential features of any market economy. One reason we want to hold onto money is that we don't know what the future will bring. Government - good government - makes the future more predictable and therefore reduces this demand for money.After Adam Smith, orthodoxy persistently espoused non-intervention in markets, but the Great Depression of 1929-32 stopped the artificers of orthodox economics in their tracks. A precarious balance of forces between government, employers, and trade unions enabled Keynesian economics to emerge as the new policy paradigm of the Western world. However, the stagflation of the 1970s led to the rejection of Keynesian policy and a return to small-state neoclassical dominance. Thirty years later, the 2008 global financial crash was severe enough to have shaken the neoclassical supremacy, but, curiously, this did not happen. Once the crisis had been overcome - by Keynesian measures taken in desperation - the pre-crash dogma was reinstated, undermined but unbowed. Since then, no new 'big idea' has emerged, and neoclassical economics has maintained its sway, enacting punishing austerity agendas that leave us with a still-anaemic global economy.This book aims to familiarize the reader with essential elements of Keynes's 'big idea'. By showing that much of economic orthodoxy is far from being the hard science it claims to be, it aims to embolden the next generation of economists to break free from their conceptual prisons and afford money and government the starring roles in the economic drama that they deserve.
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Detalles del Libro
- Name: Money and Government: A Challenge to Mainstream Economics (English Edition)
- Autor: Robert Skidelsky
- Categoria: Libros,Libros universitarios y de estudios superiores,Negocios y finanzas
- Tamaño del archivo: 15 MB
- Tipos de archivo: PDF Document
- Idioma: Español
- Archivos de estado: AVAILABLE
LIBRO Money and Government: A Challenge to Mainstream Economics (English Edition) de Robert Skidelsky PDF ePub
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Google traductor el servicio gratuito de google traduce al instante palabras, frases y páginas web del español a más de cien idiomas Edward j nell wikipedia, la enciclopedia libre edward j nell nacido el 16 de julio de 1935 es un economista estadounidense y exprofesor de la new school for social research ny nell fue miembro de la facultad de la new school desde 1969 hasta 2014 obtuvo el rango de profesor de economía malcolm b smith en 1990 Oxford english dictionary explore grammar content from lexico is a collaboration with oxford dictionary hosted by dictionary offering definitions, meanings, and grammar in both english and spanish translate from english to spanish and spanish to english with lexico
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