What Would Keynes Do ?

25 09 2009

What would Keynes do if he were confronted with the current economic situation? Have the ideas of Keynes been twisted by modern politicians to suit their own ends? This was discussed by British historian Peter Clark on the BBC`s Today Programme. The most interesting part of this interview was hearing Norman Lamont, one of the great freemarketeers of the 1980s, describe Hayek as a largely forgotten economist. In the 1980s, Hayek`s ideas were in the ascendant and Keynes was being dismissed. (click here to listen)