2009 | OriginalPaper | Buchkapitel
Along Comes Keynes
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As economies unwound around the globe, the British economist John Maynard Keynes was developing an explanation of consumer spending that was spot on for the era. His insights were both timely and profound, and are even experiencing a resurgence given the strong parallels between the Great Crash of 1929 and the Great Crash II of 2008, and between the Great Depression and our current Global Financial Meltdown.