John Maynard Keynes and Keynesianism

Your Playlist:

Description

If anyone comes close to rivaling Winston Churchill as the central figure in modern British history, it is John Maynard Keynes. He is often credited with, among other things, helping to save capitalism from the Great Depression, ensuring that the war against the Nazis was properly funded, and building postwar decades of growth and prosperity. Today his ideas remain crucial to the critical debate of our time: should governments borrow and spend their way out of a global economic crisis or slash their budgets and reduce their national debts? With contributions from some of the world's leading economic thinkers, including a Nobel laureate and the governor of the Bank of England, this program examines the Keynesian economic vision - acknowledging the ongoing controversies around it while recognizing that when disaster struck in 2008, it was Keynes's ideas to which many world leaders turned.