In The General Theory of Employment, Interest, and Money (1936), John Keynes critiqued the laissez-faire policies of his day, particularly the proposition that a normally functioning market economy would bring full employment. Keynes’s forward-looking work transformed economics from merely a descriptive and analytic discipline into one that is policy oriented. For Keynes, enlightened government intervention in a nation’s economic life was essential to curbing what he saw as the inherent inequalities and instabilities of unregulated capitalism.
Are we prepared to re-route our cognitive map, or will the 'new normal' become permanent?
Is there more to the energy crisis in Europe that meets the eye?
Is the Wests triumphalist anti-Russian rhetoric based on historical delusions?
