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The Leaderless Economy: Why the World Economic System Fell Apart and How To Fix It

The Leaderless Economy:  Why the World Economic System Fell Apart and How To Fix It

by Peter Temin and David Vines,
The Huffington Post, February 20, 2013

Whenever he argued with John Maynard Keynes, the philosopher Bertrand Russell recalled, "I felt I took my life in my hands and I seldom emerged without feeling something of a fool."

These days, of course, plenty of politicians and economists argue with Keynes. According to Peter Temin and David Vines, they ought to feel like fools. In The Leaderless Economy, Temin (a Professor Emeritus of Economics at the Massachusetts Institute of Technology) and Vines (a Professor of Economics at Balliol College, University of Oxford) demonstrate that Keynes' economic theories remain robust and relevant. Challenging but accessible, their book provides a clear and compelling analysis of the roots of our global financial crisis and the lessons we can learn from it.

 

Read the full article (PDF)