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Robert Skidelsky is the author of a three-volume biography of J M Keynes, a cross-bench peer and emeritus professor of political economy at the University of Warwick. His most recent book is Money and Government: The Past and Future of Economics
JM Keynes was convinced that if democracies failed to tackle mass unemployment, people would turn to dictatorships. We must urgently remember his warning.
We must end our dogmatic reliance on global supply chains and adopt “just-in-case” thinking.
The gap between Cameron’s big society ideal and public finance became a chasm when he endorsed George Osborne’s austerity policy.
After ten years of wrongheaded and brutal spending cuts, Keynes’s warning that bad economics produces political extremism is more important than ever.
We are told that austerity has triumphed and that the British economy is running full steam ahead. The reality is more alarming.
The Tories claim austerity saved the country from disaster. But Osborne's neoliberal right economics drew on discredited theories - and ultimately scuppered growth.
This is Europe’s choice.
If a government has to cut its spending, it is much better to tax the rich than starve the poor.
War in Ukraine, economic woes and the decline of an autocrat, by Robert Skidelsky.