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Books > Social sciences > Politics & government > Central government > Central government policies
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Money and Government - The Past and Future of Economics (Hardcover)
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Money and Government - The Past and Future of Economics (Hardcover)
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A critical examination of economics's 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 a minor role 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
nonintervention 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.
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