Independent Review: Volume 24 Number 4-Spring 2020 (Books Reviews, Such as The Keynesian Revolution and Our Empty Economy: We’re All Dead)

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From Independent Review of: The Keynesian Revolution and Our Empty Economy: We’re All Dead

The authors argue that we live in an age of anxiety, with no clear understanding of the people we are becoming. The modern economy excels at producing goods and services, but both the moral framework under which we operate and the discipline of economics have been badly distorted by Keynes’s influence. With such broad pronouncements about our world, one might expect a screed, a moral diatribe with little analysis. Such is not the case. The Keynesian Revolution and Our Empty Economy is a thoughtful, carefully argued intellectual history of modernity and of the generally accepted analytical tools used to describe and critique it. The importance of teleological assumptions, or commitments to that which one believes is intrinsically good, drives the analysis. At the heart of the book is the authors’ argument that all people operate according to either an implicit or an explicit teleology. They also argue that the existing teleology of the modern American economy is warped, having been perverted by John Maynard Keynes’s influence.