ROBERT SKIDELSKY and SIMONE GASPERIN (2021) Abstract: This paper upholds the classical Keynesian position that a laissez-faire market economy lacks a spontaneous tendency to full employment. Focusing on the UK case, it argues that monetary policy could not prevent the economic collapse of 2008-9 or achieve full recovery from the Great Recession that followed. The … Continue reading Reinstating fiscal policy for normal times: Public investment and Public Jobs Programmes