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Money and Government


The dominant view in economics is that money and government should play only a minor role in economic life.
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Dominantný pohľad v ekonomikách je to, že peniaze a government should hrať only a minorú úlohu v economic life. Money, it is claimed, is nothing more than a medium of exchange; and economic outcomes sú najlepší ľavý k 'invisible hand' of the market. Zobrazenie tiež v tejto dôležitej novej knihe je to, že omnipresencia uncertainty robiť peniaze a government jesential features of any market economy. One reason we need money is because we don't know what the future will bring. Government - good government - spôsobí, že future more predictable and refore reduces this kind of demand for money. After Adam Smith ortodoxy trvalo nespomenul non-intervention, ale Great Depression 1929-32 zastavil artiféry ortodoxnej ekonomiky v ich tratiach. A precarious balance of forces between government, employers, and trade unions enabled Keynesian economics emerge as the new policy paradigm of the Western world. However, stagflation of 1970s ľad do rejection Keynesian policy and return k malej-state neoclassical ortodoxy. Tridsiatich rokov, v 2008 globálnej finančnej crash bol severne schopný shaken re-vamped klasické ortodoxy, ale zvedavý, tento did not happen. Once kríza had been overcome - by Keynesian measures taky in desperation - the pre-crash ortodoxy bol reinstated, undermined but unbowed. Since 2008, no nový 'big idea' bol emerged, a ortodoxy má maintained jeho smerom, pôsobenie punishing austerity agendy, ktoré sa líšia pomocou still-anaemic global economy. Táto kniha aims priblíži reader s essential elements Keynes's 'big idea'. By ukázať, že veľa ekonomickej ortodoxy je far z pevnej viery it claims to be, it aims to embolden next generation of economists to break free z ich konceptuálne prisony a po afford money a government starring roles in the economic .