MTEF (Free subscription) | 31/10/2009
Princeton’s Dixit Discusses Nobel for Ostrom, Williamson Calvo Sees Difficulty Unwinding Stimulus Packages Bill Clinton Cites Discipline, Growth to Cut Deficit Rogoff, Reinhart on Their Book `This Time Is Different' Skidelsky Says Stimulus Debates Today Same as 1930s Zandi Sees Little Traction for U.S. Recovery in 2010 Plosser Says No Bank Should Be Too Big to Fail Sustainable Wealth: Achieve...
The Economist (Free subscription) | 29/10/2009
The impossible task of eliminating uncertainty LORD SKIDELSKY’s excellent new book, “Keynes: The Return of the Master”, makes one striking claim about the economist’s work. “The centrepiece of Keynes’s theory”, he writes, “is the existence of inescapable uncertainty about the future.” Uncertainty is different from risk, as Frank Knight, an economist,...
Information Processing (Free subscription) | 11/10/2009
I highly recommend this brilliant LSE lecture by Robert Skidelsky. Among the topics covered: risk versus uncertainty; Chicago school as the academic scribblers responsible for recent disastrous ideological capture; rational expectations, efficient markets and all that nonsense; economics as a science (not) and the role of mathematics; fiscal versus monetary stimulus; Glass-Steagall; Capital ascendant...
EconoSpeak (Free subscription) | 09/10/2009
by the Sandwichman, In his New Statesman column yesterday, This crisis is far from over yet , David Blanchflower talks about his travels to Paris last week to deliver the keynote address at a meeting of OECD employment and labor ministers. He takes a swipe at George Osborne, the Conservative Party's shadow chancellor of the exchequer, who, in last week column, he lambasted for Tory proposals to cut...
The Guardian (Free subscription) | 27/09/2009
The Tories have repeatedly been wrong on how to survive the global recession, warns Jack Straw If I had told the electors of Blackburn in 1997 that a vote for Labour would mean schools' performance would double, a new £120m hospital would be built, crime would be cut and tens of millions of pounds would go into new and improved housing, I'd have been told to pull the other one. But all this...
Theo's blog (Free subscription) | 21/09/2009
This is really quite a devastating attack on George Osborne from Robert (Lord) Skidelsky in the Daily Telegraph , Skidlesky is a founder member of the SDP and biographer of Keynes, who at one time served as Conservative peer and opposition spokesperson. He now sits on the crossbenches. George Osborne fails to mind the output gap There is a hole at the heart of Conservative economic policy. It is called...
The Telegraph (Free subscription) | 05/09/2009
Last week I faced Professor Lord Skidelsky on BBC2's Newsnight - with some trepidation.
Talk about Newsnight (Free subscription) | 01/09/2009
To push against the crisis or let it rip; to borrow and spend or balance the books - these are questions that will shape the outcome of the financial crisis - and the next election. Looming over the debate is the shadow of a 20th century giant: John Maynard Keynes. I've been reading Robert Skidelsky's new book "Keynes - The Return of the Master" and it's an eye-opener. Skidelsky's three...
Twenty-Cent Paradigms (Free subscription) | 01/09/2009
Keynes' biographer, Lord Skidelsky, had lunch with the FT's Lionel Barber last week. We learn that Skidelsky himself has had quite an interesting life (his planned book about his family may be an interesting read) and also: Skidelsky does not appear to like economists very much, I say. “Not true. But there is an imperial benevolence about them; they are not interested in people, they are very...
Tax Research UK (Free subscription) | 06/08/2009
FT.com / Comment / Opinion - How to rebuild a shamed subject. Lord Skidelsky says in the FT: The reconstruction of economics needs to start with the universities. First, degrees in the subject should be broadly based. They should take as their motto Keynes’s dictum that “economics is a moral and not a natural science”. They should [...]
Tim Worstall (Free subscription) | 27/07/2009
Mainstream economics subscribes to the theory that markets “clear” continuously. The theory’s big idea is that if wages and prices are completely flexible, resources will be fully employed, so that any shock to the system will result in instantaneous adjustment of wages and prices to the new situation. Where in buggery did that straw man argument [...]
The Independent (Free subscription) | 26/07/2009
Some time after the Labour Party's defeats in the 1980s, The Spectator (a less strident Conservative organ in those days) published an article on the lines: Can Labour ever win again? It was by Lord Skidelsky, best known for his lengthy biography of J M Keynes. The firm answer was No.
Scotsman.com (Free subscription) | 30/04/2009
LORD Skidelsky (Opinion, April 24) is correct to blame economists for the current economic crisis because they have spread the false ideas underpinning government econ
Financial Times (Free subscription) | 18/02/2009
Lord Skidelsky, the historian and biographer of John Maynard Keynes, is planning to quit the board of a hedge fund that lost most of its value after investing in Russian assets
euronews24 (Free subscription) | 10/01/2009
A hedge fund that is chaired by Lord Skidelsky, the historian, and has former Irish taoiseach Garret FitzGerald on its board has failed in an attempt to convince investors to lock up holdings to avoid a firesale.Frankfurt-based Wermuth Asset Managem ...
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