Available online
Description
According to conventional wisdom, today's global financial crisis happened because markets were not regulated enough. But what if the opposite is true? That it was excessive government meddling in ...the markets that caused the crash? Stephanie Flanders examines the extraordinary influence of three intellectual titans - Keynes, Hayek and Marx and shows how they shaped the 20th century and continue to have a huge impact on our world today. Stephanie begins by looking at John Maynard Keynes. Many argue only Winston Churchill had a greater impact on British life than Keynes over the last century. Even today his ideas remain crucial to one of the most important debates of our time: how can we escape from the economic crisis? Should governments borrow and spend their way out of trouble or slash spending and reduce the national debt? With contributions from some of the world's leading economic thinkers including a Nobel laureate and the governor of the Bank of England, Stephanie Flanders argues Keynes has never been more relevant or controversial than now. During his life, Keynes was credited with, amongst other things, helping to save capitalism from the Great Depression, funding the war against the Nazis and building post-war decades of growth and rising prosperity. And when the global crisis struck in 2008, it was his ideas that the world's leaders turned to to help avoid another depression.
According to conventional wisdom, today's global financial crisis happened because markets were not regulated enough. But what if the opposite is true? That it was excessive government meddling in ...the markets that caused the crash? Stephanie Flanders examines the extraordinary influence of three intellectual titans - Keynes, Hayek and Marx and shows how they shaped the 20th century and continue to have a huge impact on our world today. Stephanie begins by looking at John Maynard Keynes. Many argue only Winston Churchill had a greater impact on British life than Keynes over the last century. Even today his ideas remain crucial to one of the most important debates of our time: how can we escape from the economic crisis? Should governments borrow and spend their way out of trouble or slash spending and reduce the national debt? With contributions from some of the world's leading economic thinkers including a Nobel laureate and the governor of the Bank of England, Stephanie Flanders argues Keynes has never been more relevant or controversial than now. During his life, Keynes was credited with, amongst other things, helping to save capitalism from the Great Depression, funding the war against the Nazis and building post-war decades of growth and rising prosperity. And when the global crisis struck in 2008, it was his ideas that the world's leaders turned to to help avoid another depression.
| Series: | Masters of money |
|---|---|
| First transmission date: | 17-09-2012 |
| Original broadcast channel: | BBC2 |
| Published: | 2012 |
| Rights Statement: | |
| Restrictions on use: | |
| Duration: | 00:58:58 |
| + Show more... | |
| Producer: | Martin Small |
| Presenter: | Stephanie Flanders |
| Contributors: | Phillip Booth; Mark Brandon; David Chambers; Ryan Champion; Peter Clarke; Alistair Darling; Larry Elliott; Stephanie Flanders; Juliet Gardiner; Gustav Horn; Will Hutton; Mervyn King; David Laws; Dennis McBride; Virginia Nicholson; Kenneth Rogoff; Roger Shoaff; Martin Small; Joseph Stiglitz; Nicholas Wapshott; Allan Wilson; David Woolner; Armando Zuluaga |
| Publisher: | BBC Open University |
| Link to related site: | BBC Website: http://www.bbc.co.uk/programmes/b01mzqw9 OU Website: http://www.open.edu/openlearn/whats-on/tv/ou-on-the-bbc-masters-money |
| Production number: | FKAY811Y |
| Videofinder number: | 82902 |
| Available to public: | no |
