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Capitalist revolutionary : John Maynard Keynes

Author: Roger Backhouse; Bradley W Bateman
Publisher: Cambridge, Mass. : Harvard University Press, 2011.
Edition/Format:   Book : EnglishView all editions and formats
Database:WorldCat
Summary:
"The Great Recession of 2008 restored John Maynard Keynes to prominence. After decades when the Keynesian revolution seemed to have been forgotten, the great British theorist was suddenly everywhere. The New York Times asked, 'What would Keynes have done?' The Financial Times wrote of 'the undeniable shift to Keynes.' Le Monde pronounced the economic collapse Keynes's 'revenge.' Two years later, following bank  Read more...
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Named Person: John Maynard Keynes; John Maynard Keynes; John Maynard Keynes; John Maynard Keynes; John M Keynes
Material Type: Internet resource
Document Type: Book, Internet Resource
All Authors / Contributors: Roger Backhouse; Bradley W Bateman
ISBN: 9780674057753 0674057759
OCLC Number: 707023088
Description: 197 pages ; 22 cm
Contents: Keynes returns, but which Keynes? --
The rise and fall of Keynesian economics --
Keynes the moral philosopher : confronting the challenges to capitalism --
Keynes the physician : developing a theory of a capitalist economy --
Keynes's ambiguous revolution --
Perpetual revolution.
Responsibility: Roger E. Backhouse, Bradley W. Bateman.

Abstract:

The 2008 recession restored Keynes to prominence. This account elaborates the misinformation that led to his repeated resurrection and interment since his death in 1946. Keynes was more open-minded  Read more...

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[A] timely and provocative reappraisal. -- John Cassidy New Yorker 20111010 Backhouse and Bateman provide a useful context for the many policymakers, journalists, economists, and historians who have Read more...

 
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schema:description""The Great Recession of 2008 restored John Maynard Keynes to prominence. After decades when the Keynesian revolution seemed to have been forgotten, the great British theorist was suddenly everywhere. The New York Times asked, 'What would Keynes have done?' The Financial Times wrote of 'the undeniable shift to Keynes.' Le Monde pronounced the economic collapse Keynes's 'revenge.' Two years later, following bank bailouts and Tea Party fundamentalism, Keynesian principles once again seemed misguided or irrelevant to a public focused on ballooning budget deficits. In this readable account, Roger Backhouse and Bradley Bateman elaborate the misinformation and caricature that have led to Keynes's repeated resurrection and interment since his death in 1946. Keynes's engagement with social and moral philosophy and his membership in the Bloomsbury Group of artists and writers helped to shape his manner of theorizing. Though trained as a mathematician, he designed models based on how specific kinds of people (such as investors and consumers) actually behave--an approach that runs counter to the idealized agents favored by economists at the end of the century. Keynes wanted to create a revolution in the way the world thought about economic problems, but he was more open-minded about capitalism than is commonly believed. He saw capitalism as essential to a society's well-being but also morally flawed, and he sought a corrective for its main defect: the failure to stabilize investment. Keynes's nuanced views, the authors suggest, offer an alternative to the polarized rhetoric often evoked by the word "capitalism" in today's political debates."--Dust-jacket front flap."@en
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