Summary
Robert Skidelsky: Keynes: the return of the greats
The ideas of John Maynard Keynes have never seemed more relevant. No one offered a better explanation of the psychology of investing during the financial crisis than he did. When the practice of tranquility, immobility and security suddenly collapses, new fears and hopes without warning take control of human behavior, and the market becomes subject to waves of optimistic and pessimistic feelings.
Keynes' distinguished biographer Lord Robert Skidelsky, member of the advisory board at the Institute for New Economic Thought, will synthesize from Keynes's career and life aspects of thinking that are most relevant to the world in which we live. Skidelsky will show how Keynes' blend of pragmatism and realism is more applicable and relevant than ever before. But what is most important, Keynes will give nervous capitalists, because he never wavered in his belief in the capitalist system, an answer to the question the world is facing today: when rampant capitalism stumbles, is there an alternative?
Skidelsky found the impetus to write again and engaged about Keynes in the challenges of the opportunities and needs of the new time to which modern economic science did not provide adequate answers. Skidelsky found an additional strong impetus in the current world economic crisis, which showed the futility and harmfulness of maintaining the liberal utopia of a stable and conflict-free world economic order, which supposedly automatically ensures the balance of economic relations in the world and rapid economic growth and prosperity.
The world economic crisis deeply affected Croatia as well, finding Croatian political and state circles unprepared for an adequate assessment of events, and even less for adequately and successfully stopping the spread of crisis contraction and overcoming the crisis. In the conditions of the dominance of liberal understandings and interests, the publication of Skidelski's study can significantly change the insight into events, stimulate relevant criticism and change the awareness and climate in the public in search of ideas and for a faster turn towards revival and growth.
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