Allister Heath

Bursting The Bubble

How Markets Fail: The Logic of Economic Calamities

By

Allen Lane/The Penguin Press 390pp £25 order from our bookshop

It was John Maynard Keynes who once said that 

the ideas of economists and political philosophers, both when they are right and when they are wrong, are more powerful than is commonly understood. Indeed the world is ruled by little else. Practical men, who believe themselves to be quite exempt from any intellectual influence, are usually the slaves of some defunct economist.

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