A Challenge to Mainstream Economics
Ten years after the financial crash, a timely consideration of what economists should have learned, and an ambitious argument as to how macroeconomics might reinvent itself.
The effects of 2008 are still with us today. As restricted growth and austerity have endured, so has the profound crisis of ideas the financial crisis precipitated. In Money and Government, Robert Skidelsky accounts for the causes of the crash. He shows that the underlying causes have not been dealt with, and examines what the failures - by politicians and economists - mean for economics.