Economics

The Role of Economists in Causing Economic Stagnation

There is a long history of governments with activist policy agendas, and they have had no shortage of economists to offer them advice. But the economic approaches Keynes developed or amplified, inspired by a respect he and many other economists held for the Soviet and German planning systems, provided a major boost to legitimising government economic policy activism. As well as a belief in a greater role for planning, Keynesianism also reflected a popular belief that free enterprise entailed considerable waste and that the Great Depression was evidence that it could become chronically unstable. From the 1920s at least until…

Subscribe to get access to all online articles

Digital Subscription

$88/ YR

Get the latest ideas from Australia’s most insightful writers.

Subscribe

  • Digital Subscription includes
  • Online editions of Quadrant Magazine
  • Printed editions of Quadrant Magazine
  • iPad ready PDF
  • Access to Quadrant Archives
  •  
  •  

Printed & Digital Subscription

$108/ YR

For avid readers of leading ideas
from Australia’s brightest.

Subscribe

  • Printed & Digital Subscription includes
  • Online editions of Quadrant Magazine
  • Printed editions of Quadrant Magazine
  • iPad ready PDF
  • Access to Quadrant Archives
  •  
  •  

Quadrant Patron

$300/ YR

Show your support for Australia’s
most open minded publication.

Subscribe

  • Quadrant Patron includes
  • Online editions of Quadrant Magazine
  • Printed editions of Quadrant Magazine
  • iPad ready PDF
  • Access to Quadrant Archives
  • All new editions of Quadrant Books
  • Exclusive invitations to Quadrant Dinners, book launches and events.