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Skidelsky, Robert

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2 articles of this author have been cited in the European Press Review so far.

Jornal de Negócios - Portugal | 02/09/2011

Robert Skidelsky on Keynes' recipe against global depression

Many economists are coming to the conclusion that the coordinated global efforts undertaken in 2009 to save the global economy from another Great Depression were successful, writes British economic historian Robert Skidelsky in an article published in the business paper Jornal de Negócios: "To be sure, the cost to many governments of rescuing their banks and keeping their economies afloat in the face of business collapse damaged or destroyed their creditworthiness. But it is increasingly recognized that public-sector austerity at a time of weak private-sector spending guarantees years of stagnation, if not further collapse. So policy will have to change. Little can be hoped for in Europe; the real question is whether President Barack Obama has it in him to don the mantle of President Franklin Roosevelt. To prevent further crises of equal severity in the future, Keynesians would argue for strengthening the tools of macroeconomic management. ... Hayekians [adherents of Austrian economist Friedrich von Hayek] have nothing sensible to contribute. It is far too late for one of their favourite remedies - abolition of central banks, supposedly the source of excessive credit creation."

Jornal de Negócios - Portugal | 21/04/2011

Robert Skidelsky on the journalists' parallel world

Journalists underestimate the desire of most people for order, and consequently the establishment of a functioning democracy in Egypt is basically a journalists' pipe dream, writes political economy professor Robert Skidelsky in the business paper Jornal de Negócios: "Hosni Mubarak has been sacrificed to save the military regime. A 'strongman' who cannot keep order in the streets is of no use to anyone. Whether 'democracy' will ensue is much more questionable. ... I doubt that most Egyptians put what we call democracy at the top of their political agenda. Journalists who claim otherwise are not a representative sample, even in Western countries. They are a restless breed, flitting round the world's trouble spots, pen and camera at the ready. Freedom of expression is in their bones; mass protests their visual lifeblood. They try to report on the world as it is, but theirs is not the world of most people - their business depends on the disruption of 'ordinary' business, so they systematically underestimate people's desire for law and order (or at least order)."

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