PublishedAllen Lane, September 2018 |
ISBN9780241352823 |
FormatHardcover, 512 pages |
Dimensions24cm × 16.2cm × 3.5cm |
The dominant view in economics is that money and government should play only a minor role in economic life. Money is nothing more than a medium of exchange, it is claimed, and economic outcomes are best left to Adam Smith's 'invisible hand' of the market.
Since 2008, no new 'big idea' has emerged, and orthodoxy has maintained its sway, enacting punishing austerity agendas that leave us with a still-anaemic global economy. This book aims to familiarise the reader with essential elements of Keynes's 'big idea'. By showing that much of economic orthodoxy is far from being the hard science it claims to be, it aims to embolden the next generation of economists to break free from their conceptual prisons and to afford money and government the starring roles in the economic drama that they deserve.
