Keynes for Today | The Progressive

Keynes for Today | The Progressive: "From the smoking rubble of Wall Street and its market fundamentalism in the 1930s, a genteel English economist clambered, brushed the dust from his suit, and totally remade the way we understand economics. John Maynard Keynes discarded the old myth that the market is pure and rational and operates best when government does least. In its place, he built the intellectual foundations for a very different world—one where democratic governments intervene every day to regulate big business, prevent extreme inequality, ensure full employment, and stimulate the economy when it sags"