What Would Keynes Do?: How the Greatest Economists Would Solve Your Everyday Problems

Category: Book
By (author): Pettinger, Tejvan
Subject:  BUSINESS & ECONOMICS / Economics / General
  BUSINESS & ECONOMICS / Economics / Macroeconomics
  BUSINESS & ECONOMICS / Reference
  POLITICAL SCIENCE / Political Process / General
Publisher: Firefly Books
Published: February 2018
Format: Book-paperback
Pages: 192
Size: 8.25in x 5.75in
Our Price:
$ 19.95
Availability:
In stock

Additional Notes

From The Publisher*

Get life advice and a crash course in economics from the great minds of every generation.

John Maynard Keynes was a giant in the world of economic theory and policy, so influential that an entire school of modern thought bears his name. In Keynesian economics, governments and banks have an important role, but free capitalism is king: people work to earn money; businesses pay people to work; people spend their money and support businesses.

What Would Keynes Do? uses 40 examples of everyday life challenges to explore Keynes' theories and those of the other great social and economic theorists, such as Adam Smith, Milton Friedman, and John Forbes Nash Jr. In the process, we get a crash course in economics and obtain guidance on making difficult decisions.

For example:

  • Should I park in an illegal parking space and risk a fine?
  • Should I go to university or start working straight away?
  • Should I leave all my wealth to my children after I die or spread it out over my life?
  • Should I ever commit a crime?
  • If I enjoy drinking beer, how much should I drink?
  • Is it OK to be selfish?
  • Should I vote for a political party which promises to raise taxes?
  • Informative accessible text and quirky illustrations, including humorous caricatures, leave readers with a better grasp on economic philosophy, from Malthusian and Mills' political economy to why John Locke did not believe in interest rates. They will learn about Marxism, Libertarian Socialism, Populism and other important schools of philosophy -- and how they lend insight into coping better with the challenges of modern life.

    With What Would Keynes Do? you just turn to the question troubling you and the great economists will tell you what they would do.

    Biographical Note

    Tejvan Pettinger studied Philosophy, Politics and Economics at Oxford University. He is a contributor to the Economic Review and is also the editor of www.economicshelp.org. He is the author of Economics Bible and lives in Oxford, UK, where he works as a teacher.