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Synopsis
According to the author, Keynesian revolution has yet to take place. Economists, he finds, have not yet come to terms with the heart of Keynes' argument: that there are limits to what prices can do in a market economy. But referring closely to Keynes' writings, Hutton demonstrates that Keynes was concerned to show how the financial sector of the economy originated and how it reinforced the incapacities of the market economy.
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About the Author
Will Hutton was appointed chief executive of the Industrial Society in February 2000. He was previously editor-in-chief of the Observer.
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The Revolution That Never Was
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THE REVOLUTION THAT NEVER WAS, AN ASSESSMENT OF KEYNESIAN ECONOMICS
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