Keynesianism -- Before Keynes -- Keynes: how to read the General Theory, I, II, III -- After Keynes.
Summary:
"A groundbreaking debunking of moderate attempts to resolve financial crises If, in liberal capitalism, political economy is the science of government, what is it for? Is it distributional, to realize the revolution without revolutionaries? Or is it to figure out how to forestall the revolution, to teach the masses to consent to remain poor? Keynesianism is the political economy that answers 'yes' on both counts: the solution to crisis-induced liberal anxiety since the French Revolution, an anxiety for which "political economy" seemed a cure. If the financial crisis of 2007-2008 briefly resurrected a Keynesian sensibility long declared dead, its reluctant radicalism finds itself renewed not because 'Keynesian economics' is palatable once more, but because the risks to "civilization" have posed themselves so aggressively it seems no one can afford not to listen"-- Provided by publisher. "In the ruins of the 2007-2008 financial crisis, self-proclaimed progressives clamored to resurrect the theory of Keynes. The crisis seemed to expose the disaster of small-state free-market liberalization and deregulation & to rescue us. But from what, & the end of capitalism or the end of the world? For Keynesianists, the answer is both: & not to save capitalism but to save civilization from itself. It is political economy, they promise, for a world & of uncertainty, which will not take care of itself. Poverty is ineradicable, markets fail, and revolutions lead to tyranny & less because the present is worth saving but because the future seems out of control ... Faith for the faithless.-- From jacket.
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