2009, ISBN: 1586488279

Gebundene Ausgabe

[EAN: 9781586488277], [PU: NY. 2009. Public Affairs], Jacket, black hardbound 8vo. 8º (octavo). dustwrapper in protective plastic book jacket cover. fine cond. looks new. like new. bindin… Mehr…

[EAN: 9781586488277], [PU: NY. 2009. Public Affairs], Jacket, black hardbound 8vo. 8º (octavo). dustwrapper in protective plastic book jacket cover. fine cond. looks new. like new. binding square & tight. covers clean. edges clean. 2 page corner creases, otherwise contents free of markings. dustwrapper in fine cond. not worn or torn or price clipped. nice clean copy. no library markings or store stamps, no stickers or bookplates, no names, no inking , no underlining, no remainder markings etc ~. first edition. first printing ( # 1 in # line). xviii+221p+ about the author & publisher's statement. b&w charts. notes. bibliography. index. biography. philosophy. world history. economics. great depresssion. ~ The ideas of John Maynard Keynes have never been more timely. No one has bettered Keynes's description of the psychology of investors during a financial crisis: "The practice of calmness and immobility, of certainty and security, suddenly breaks down. New fears and hopes will, without warning, take charge of human conduct . the market will be subject to waves of optimistic and pessimistic sentiment." Keynes's preeminent biographer, Robert Skidelsky, Emeritus Professor of Political Economy at the University of Warwick, brilliantly synthesizes from Keynes's career and life the aspects of his thinking that apply most directly to the world we currently live in. In so doing, Skidelsky shows that Keynes's mixture of pragmatism and realism ~ which distinguished his thinking from the neo~classical or Chicago school of economics that has been the dominant influence since the Thatcher~Reagan era and which made possible the raw market capitalism that created the current global financial crisis~is more pertinent and applicable than ever. Crucially Keynes offers nervous capitalists ~ and Keynes never wavered in his belief in the capitalist system ~ a positive answer to the question we now face: When unbridled capitalism falters, is there an alternative? Three ideas of Keynes's are especially relevant: The first is that the future is unknowable, and therefore economic storms ~ especially those originating in the financial systemare not external shocks which impinge on smoothly adjusting markets, but part of the normal working of the market system. The second idea is that economies wounded by these "shocks" can, if left to themselves, stay in a depressed condition for a long time. That is why governments need to have ~ and use ~ fiscal ammunition to prevent a slide from financial crisis to economic depression. The third is a moral critique of societies which worship the pursuit of money and efficiency above all other objects of human striving. "In the long run," as Keynes famously said, "we are all dead." We may not have time to wait for the perfect theoretical operation of capital as the neo~classicists insist will happen eventually. In the meantime, we have Keynes: more supple, more human, and more magnificently real than ever., Books<