Robert Skidelsky, author of Keynes: The Return of the Master (London, rev. edn. 2010), speaks below in an interview on the state of neoclassical economics, banks, and inequality. Unfortunately, I don’t think Skidelsky sees the how rotten the current EU is and the merits of a possible Brexit, but apart from this there is much of interest here.
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A few years ago, Skidelsky wrote something brilliant that stuck in my mind ever since.
ReplyDeleteIt was mostly along the lines that
a) what is needed to prevent a future crisis
is not the same as
b) what is needed to come out of the current crisis.
Yes, lack of caution and excessive risk taking led to a banking crisis, but now banks needed to be less cautious and more risk-taking to start lending again.