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Skidmore College

Saratoga Springs

New York



 Jörg Bibow







Skidmore College

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There is still hope for Europe as my "Euro Treasury Plan" is gaining some traction. It has inspired the European Trade Union Confederation (see ETUC Position Paper: A European Treasury for Public Investment). It was also appreciated by the S&D Group (the Progressive Alliance of Socialists and Democrats) in the European Parliament (see Making the Euro Viable: the Euro Treasury Plan). See also World Economic Forum and France's Le Monde.

An uphill struggle remains against the power of unreason (led by Germany's Dr. Schäuble) and reactionary forces on the rise in Europe and elsewhere.

"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. Madmen in authority, who hear voices in the air, are distilling their frenzy from some academic scribbler of a few years back. I am sure that the power of vested interests is vastly exaggerated compared with the gradual encroachment of ideas" (John Maynard Keynes 1936).


More on Keynes on Monetary Policy, Finance and Uncertainty at the publisher's Web site

Reviewed by Geoff Harcourt in ROPE, February 2012

Reviewed by Ingo Barens in EJHET, May 2012

More on Euroland and the World Economy at the publisher's Web site.