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More about Where Keynes Went Wrong When the world financial system failed in , world governments intervened decisively. Guided by Keynesian economics teams with impeccable credentials, they intended not only to "stimulate" the economy, but to "jolt" it back to borrowing and spending as usual. All of these actions were taken from a playbook devised by British economist John Maynard Keynes, author of The General Theory of Employment, Interest, and Money and by far the most influential social thinker of the past century.

Will even more borrowing, this time government borrowing to support deficit spending, really help us out of the bind we are in? Is it right to borrow to finance bank bailouts? Will economic stimulus—also financed by government deficits—really help? Should the Federal Reserve be printing money so rapidly? Will this give us a genuine economic recovery? Can we really rescue Capitalism by trying to borrow and spend our way out of debt? Also: are private markets really to blame for the Crash of ? If so, can we expect government to fix the problem?

In short, should we be relying so completely on Keynes?

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The Addled Theories of John Maynard Keynes – The Future of Freedom Foundation

What if he is wrong? What evidence is there that he is right? These are important questions. Bush, and virtually all world governments today. Losing Control. Stephen D. Occupy the Economy. Capitalism 4. Anatole Kaletsky. The Production of Money. Ann Pettifor. The Making of Global Capitalism. Sam Gindin. Why Capitalism?

Allan H. The Three Worlds of Welfare Capitalism. Gosta Esping-Andersen. Global Slump.

Inflation and Bubbles and Tulips: Crash Course Economics #7

David McNally. In and Out of Crisis. Greg Albo. The Rise and Decline of Nations. Mancur Olson. The Clash of Economic Ideas. Lawrence H.

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