Very good summary from The Economist – Karl Marx remains surprisingly relevant 200 years after his birth. He rightly predicted some of the pitfalls of capitalism, but his solution was far worse than the disease. Some informative graphics on Banking Crisis and Poverty – see below the video.
Although screened by the BBC in 2012 this 3 part series is very useful for A2 students looking at macro objectives and policies. Keynes has never been more applicable or contentious than the present day.
In Masters of Money, produced in partnership with the Open University, BBC economics editor Stephanie Flanders examines how three extraordinary thinkers, Keynes, Hayek and Marx, helped shape the 20th century and continue to exert a huge influence on our world today.
Stephanie begins by looking at John Maynard Keynes. Many argue only Winston Churchill had a greater impact on British life than Keynes over the last century. Even today his ideas remain crucial to one of the most important debates of our time: how can we escape from the economic crisis? Should governments borrow and spend their way out of trouble or slash spending and reduce the national debt?