Book review of 'Maynard’s Revenge: The Collapse of Free Market Macroeconomics'

Lance Taylor has written a fascinating book about Keynes and the relevance of Keynes’ thought in respect to the great recession of 2007–2009. There are those, like Samuel Brittan (writing in the Financial Times, 3 February 2011), who express amazement that some economists still go back to people with ideas from three quarters of a century ago, and there are those who argue that Keynes is just plainly wrong and that current complex economic system cannot learn anymore from Keynes.

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