Keynes and the crisis

If anything, an economic crisis is a learning experience. Not only do we learn about the things we did wrong but also we have a strong incentive to learn about past crises. If you study economic crises, you will not go far without learning about Lord Maynard Keynes, the British economist that revolutionized the way we approach and try to solve economic problems. Thanks to PBS we can learn about Keynes and his ideas from an informative dialog between one of his biographers, Robert Skidelsky, and Russ Roberts. If the conversation does not illuminate your knowledge of Keynes' economic ideas it will at least teach you that “ropey” is a British informal word for “unsound”.