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SUMMARY:The Myth of Austerity's Success - Robert Skidelsky
DTSTART:20141112T180000Z
DTEND:20141112T193000Z
UID:TALK55936@talks.cam.ac.uk
CONTACT:35751
DESCRIPTION:The next St Catharine's Political Economy Seminar in the serie
 s on the Economics of Austerity\, will be held on Wednesday 12 November 20
 14 - Lord Robert Skidelsky will give a talk on 'The Myth of Austerity's Su
 ccess'. The seminar will be held in the RUSHMORE Room at St Catharine's Co
 llege from 6.00-7.30 pm. All are welcome.\n\nROBERT SKIDELSKY is emeritus 
 professor of political economy at Warwick University. His three-volume bio
 graphy of John Maynard Keynes 1983\,1992\, 2000) won five prizes and his b
 ook on the financial crisis. "Keynes: The Return of the Master" was publis
 hed in September 2010. He was made a member of the House of Lords in 1991 
 (he sits on the cross-benches) and elected a fellow of the British Academy
  in 1994. 'How Much is Enough? The Love of Money and the Case for the Good
  Life'\, co-written with his son Edward\, was published in July 2012.\n\nI
 n this seminar\, Robert Skidelsky  will point out that the current politic
 al debate between 'unfair' Tory cuts and 'fair' Labour cuts completely mis
 ses the macroeconomic point. Cutting public spending in a depression is wr
 ong in theory and has delayed the recovery in practice. Skidelsky  will ex
 plain why George Osborne's 2010 promise to balance the budget in 5 years w
 ill leave a deficit of over £70bn\; and will argue that the only way to b
 ring the government's  accounts back into balance is through a programme o
 f public investment.\n\nPlease contact the seminar organisers Philip Arest
 is (pa267@cam.ac.uk) and Michael Kitson (m.kitson@jbs.cam.ac.uk) in the ev
 ent of a query. 
LOCATION:Rushmore Room\, St Catharine's College
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