Electronics by Neil Storey

Electronics by Neil Storey

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.

Storey, Neil R.: - Neil R. Storey is an award-winning social historian specialising in the study of the impact of war on British society in the first half of the 20th century. He has been writing since the late 1980s on topographical, military and crime history themes. He has written features for local and national magazines and journals as well as several books on the First and Second World Wars.

SKU	Unavailable
ISBN 13	9780273719182
ISBN 10	0273719181
Title	Electronics
Author	Neil Storey
Condition	Unavailable
Binding Type	Paperback
Publisher	Pearson Prentice Hall
Year published	2009-03-19
Number of pages	824
Cover note	Book picture is for illustrative purposes only, actual binding, cover or edition may vary.