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Robert Skidelsky

OPEN Talk : Lord Robert Skidelsky

Lord Robert Skidelsky, author of a three-volume biography of John Maynard Keynes, Emeritus Professor of Political Economy in the University of Warwick and a big supporter of the Rethinking Economics movement. For the Global Action Day of the International Student Initiative for Pluralism in Economics (ISIPE), we have worked with Leeds University Business School (LUBS) to arrange a talk with Lord Skidelsky about improving the way economics is taught and learnt. Filmed in Leeds, UK, 2016

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Basic Income Revisited

LONDON – Britain isn’t the only country holding a referendum this month. On June 5, Swiss voters overwhelmingly rejected, by 77% to 23%, the proposition that every citizen should be guaranteed an unconditional basic income (UBI). But that lopsided outcome doesn’t mean the issue is going away anytime soon.Indeed, the idea of a UBI has made recurrent appearances in history – starting with Tom Paine in the eighteenth century. This time, though, it is likely to have greater staying power, as the...

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The False Promise of Negative Interest Rates

Negative interest rates are simply the latest fruitless effort since the 2008 global financial crisis to revive economies by monetary measures. When cutting interest rates to historically low levels failed to revive growth, central banks took to so-called quantitative easing: injecting liquidity into economies by buying long-term government and other bonds. It did some good, but mostly the sellers sat on the cash instead of spending or investing it.Enter negative interest-rate policy. The...

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A British Bridge for a Divided Europe

LONDON – The European Union has never been very popular in Britain. It joined late, and its voters will be asked on June 23 whether they want to leave early. The referendum’s outcome will not be legally binding on the government; but it is inconceivable that Britain will stay if the public’s verdict is to quit. Over the years, the focus of the British debate about Europe has shifted. In the 1960s and 1970s, the question was whether Britain could afford not to join what was then the...

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The Economist’s Concubine

LONDON – In recent decades, economics has been colonizing the study of human activities hitherto considered exempt from formal calculus. What critics call “economics imperialism” has given rise to an economics of love, of art, of music, of language, of literature, and of much else. The unifying idea underlying this extension of economics is that whatever people do, whether it is making love or making widgets, they aim to achieve the best results at the least cost. These benefits and...

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Keynes’s General Theory at 80

   LONDON – In 1935, John Maynard Keynes wrote to George Bernard Shaw: “I believe myself to be writing a book on economic theory which will largely revolutionize – not, I suppose, at once but in the course of the next ten years – the way the world thinks about its economic problems.” And, indeed, Keynes’s magnum opus, The General Theory of Employment, Interest and Money, published in February 1936, transformed economics and economic policymaking. Eighty years later, does Keynes’s...

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Ideas on the future of work: Lord Robert Skidelsky

The International Labour Organization hosted a discussion looking at the future of work and the implications of technology on jobs. Panellist Lord Robert Skidelsky, Emeritus Professor of Political Economy at the University of Warwick in the United Kingdom, shares his thoughts on the subject. Watch other panellists' contributions who participated in the discussion: http://www.ilo.org/inst/events/WCMS_447921/lang--en/index.htm

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