EC2#Week 8

8. At the last resort, what do we turn to?

Recent times have shown how government and central banks need to step in when markets fail and banks crash. Governments and central banks do as they have the power to act independently of market interest. It took the biggest economic tragedy in living memory, the 1930s Great Depression, and a revolution in economic thought, for this to be realised. At the heart of that revolution was John Maynard Keynes; his insight was to look to the wholeness of the economy. In our present troubled times, what can we turn to that brings us together instead of pushing us against each other?