11.05.09
Booknotes: Keynes
We have just lived through an age in which economists were our most influential moral philosophers. The results haven’t been great. “The main moral compass we now have is a thin and degraded notion of economic welfare, measured in terms of quantity of goods,” Robert Skidelsky writes. Lately we’ve been failing even by that impoverished measure. The time certainly seems ripe for an overthrow of the economists.