Skidelsky on the Economic Crisis 2008-2011

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“We are about to embark on a momentous experiment to discover which of the two stories about the economy is true. If, in fact, fiscal consolidation proves to be the royal road to recovery and fast growth then we might as well bury Keynes once and for all. If however, the financial markets and their political fuglemen turn out to be as ‘super-asinine’ as Keynes thought they were, then the challenge that financial power poses to good government has to be squarely faced.”

Robert Skidelsky is Professor Emeritus of Political Economy at Warwick University, a Crossbench Peer, and the author of a biography of John Maynard Keynes and Keynes: The Return of the Master.

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