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A famous quote from Keynes makes it into this piece: "The boom, not the slump, is the time for austerity at the Treasury."
In the wake of the December 2014 Autumn Statement and projections for continued very high fiscal (budget) deficits, Lord Skidelsky (the biographer of Keynes) considers whether George Osborne is in fact a closet Keynesian.
- Economics
- In the News
- Fiscal Multiplier
- Fiscal Policy
- Fiscal deficit
- Fiscal austerity
- UK Economy
- John Maynard Keynes
Geoff Riley
Geoff Riley FRSA has been teaching Economics for over thirty years. He has over twenty years experience as Head of Economics at leading schools. He writes extensively and is a contributor and presenter on CPD conferences in the UK and overseas.
Our subjects
- › Business
- › Criminology
- › Economics
- › Geography
- › Health & Social Care
- › History
- › Law
- › Politics
- › Psychology
- › Sociology
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