What went wrong? -- The present state of economics -- The lives of Keynes -- Keynes's economics -- The Keynesian revolution : success or failure? -- Keynes and the ethics of capitalism -- Keynes's politics -- Keynes for today.
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SUMMARY OR ABSTRACT
Text of Note
This is the worst global turndown since the Great Depression. But it is highly unlikely to be as bad. The years 1929-32 saw twelve successive quarters of economic contraction. If repeated, this would mean the economic slide will continue till mid-2011. But the present contraction will be neither as deep nor as long, and this for two reasons. First, the will to International cooperation is stronger. Second, we do have Keynes.