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How Keynes’s ideas could make capitalism work for the people

Robert Skidelsky's new book shows that political economy is at a crossroads

By Fran Boait   October 2018
John Maynard Keynes in 1945

John Maynard Keynes in 1945

Robert Skidelsky offers a welcome contribution to the plethora of new books recognising that political economy stands at a crossroads. A distinguished biographer of Keynes, Skidelsky argues that his subject invented macroeconomics, a field he regards as all about money and government, twin determinants of effective demand across the economy as a whole, and changes in the overall price level across the range of markets.

Beyond the rise and fall of Keynesianism, the book covers a remarkable amount of ground from…

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