Keynes: The Recent Return of the Master

Abstract The current crisis repeats the patterns of previous crises. Against a backdrop of falling production and rising unemployment, central banks and governments around the world are trying to save their economies from a major crash. The formula for this stabilisation policy is based on the lesso...

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Main Author: Robert Skidelsky
Format: Article
Language:deu
Published: Sciendo 2020-10-01
Series:Wirtschaftsdienst
Online Access:https://doi.org/10.1007/s10273-020-2760-x
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author Robert Skidelsky
author_facet Robert Skidelsky
author_sort Robert Skidelsky
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description Abstract The current crisis repeats the patterns of previous crises. Against a backdrop of falling production and rising unemployment, central banks and governments around the world are trying to save their economies from a major crash. The formula for this stabilisation policy is based on the lessons of the British economist John Maynard Keynes, which he described after the Great Depression in 1936 in his “General Theory of Employment, Interest, and Money”. For the slump but also beyond, Keynes provided insightful policy recommendations that can be applied in the 21st century.
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spelling doaj-art-1d8c0e43fd6b48ad9324f86c3243da082025-02-02T10:23:09ZdeuSciendoWirtschaftsdienst0043-62751613-978X2020-10-011001076376610.1007/s10273-020-2760-xKeynes: The Recent Return of the MasterRobert Skidelsky0Millbank HouseAbstract The current crisis repeats the patterns of previous crises. Against a backdrop of falling production and rising unemployment, central banks and governments around the world are trying to save their economies from a major crash. The formula for this stabilisation policy is based on the lessons of the British economist John Maynard Keynes, which he described after the Great Depression in 1936 in his “General Theory of Employment, Interest, and Money”. For the slump but also beyond, Keynes provided insightful policy recommendations that can be applied in the 21st century.https://doi.org/10.1007/s10273-020-2760-x
spellingShingle Robert Skidelsky
Keynes: The Recent Return of the Master
Wirtschaftsdienst
title Keynes: The Recent Return of the Master
title_full Keynes: The Recent Return of the Master
title_fullStr Keynes: The Recent Return of the Master
title_full_unstemmed Keynes: The Recent Return of the Master
title_short Keynes: The Recent Return of the Master
title_sort keynes the recent return of the master
url https://doi.org/10.1007/s10273-020-2760-x
work_keys_str_mv AT robertskidelsky keynestherecentreturnofthemaster