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020 _a0674057759
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050 0 0 _aHB103.K47
_bB25 2011
082 0 0 _a330.156092
_222
100 1 _aBackhouse, Roger,
_d1951-
_eauthor.
_9234425
245 1 0 _aCapitalist revolutionary :
_bJohn Maynard Keynes /
_cRoger E. Backhouse, Bradley W. Bateman.
264 1 _aCambridge, Mass. :
_bHarvard University Press,
_c2011.
300 _a197 pages ;
_c22 cm
336 _atext
_btxt
_2rdacontent
337 _aunmediated
_bn
_2rdamedia
338 _avolume
_bnc
_2rdacarrier
504 _aIncludes bibliographical references (pages 179-185) and index.
505 0 _aKeynes returns, but which Keynes? -- The rise and fall of Keynesian economics -- Keynes the moral philosopher: confronting the challenges to capitalism -- Keynes the physician: developing a theory of a capitalist economy -- Keynes's ambiguous revolution -- Perpetual revolution.
520 _a"The Great Recession of 2008 restored John Maynard Keynes to prominence. After decades when the Keynesian revolution seemed to have been forgotten, the great British theorist was suddenly everywhere. The New York Times asked, "What would Keynes have done?" The Financial Times wrote of "the undeniable shift to Keynes." Le Monde pronounced the economic collapse Keynes's "revenge." Two years later, following bank bailouts and Tea Party fundamentalism, Keynesian principles once again seemed misguided or irrelevant to a public focused on ballooning budget deficits. In this readable account, Backhouse and Bateman elaborate the misinformation and caricature that have led to Keynes's repeated resurrection and interment since his death in 1946. Keynes's engagement with social and moral philosophy and his membership in the Bloomsbury Group of artists and writers helped to shape his manner of theorizing. Though trained as a mathematician, he designed models based on how specific kinds of people (such as investors and consumers) actually behave -- an approach that runs counter to the idealized agents favored by economists at the end of the century. Keynes wanted to create a revolution in the way the world thought about economic problems, but he was more open-minded about capitalism than is commonly believed. He saw capitalism as essential to a society's well-being but also morally flawed, and he sought a corrective for its main defect: the failure to stabilize investment. Keynes's nuanced views, the authors suggest, offer an alternative to the polarized rhetoric often evoked by the word "capitalism" in today's political debates."--From the dust-jacket front flap.
588 _aMachine converted from AACR2 source record.
600 1 0 _aKeynes, John Maynard,
_d1883-1946
_9345064
650 0 _aKeynesian economics.
_9319744
700 1 _aBateman, Bradley W.,
_d1956-
_eauthor.
_9455626
907 _a.b12462512
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