This is one part of a three-part BBC documentary called “Masters of Money” (2012). This part deals with John Maynard Keynes, albeit in a rather dumbed down way. But an interesting, popular take on Keynes.
A major failing of the analysis is its failure to note how Keynes’s ideas were quickly transformed into the post-war neoclassical synthesis: it was this neoclassical version of Keynesianism that faced a theoretical and policy crisis during the 1970s stagflation era.
A major failing of this series is its complete and utter inability to correctly communicate anything about any of the thinkers it purported to represent.
ReplyDeleteI hate stuff like this. Just like the Keynes-Hayek rap, takes away from collective knowledge rather than adding to it.
Lord Keynes,
ReplyDeleteAbove you say:
'A major failing of the analysis is its failure to note how Keynes’s ideas were quickly transformed into the post-war neoclassical synthesis: it was this neoclassical version of Keynesianism that faced a theoretical and policy crisis during the 1970s stagflation era.'
Do you have links to any resources on this? Would be very interested to read about it.
Best,
David
A brief summary here:
Deletehttp://socialdemocracy21stcentury.blogspot.com/2010/07/three-varieties-of-keynesianism.html
Also, on stagflation, see here:
Deletehttp://socialdemocracy21stcentury.blogspot.com/2011/06/stagflation-in-1970s-post-keynesian.html
Much appreciated. I look forward to reading it.
DeleteHave a great weekend.
Best,
David