Robert Skidelsky
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Standpoint

Hayek, the market and the good life: an exchange
Robert Skidelsky and Karen Horn
Standpoint | Friday, September 21, 2012

 
This exchange is in response to "Self-appointed messiahs of the nanny state", a review of How Much is Enough? by Karen Horn in the July/August issue of Standpoint.
 
Robert Skidelsky:
 
Everyone is aware of the political collapse of socialism, victim of an overambitious attempt to plan the future. Less clearly noticed has been the parallel collapse of traditional Conservatism. In his book, Modern Conservatism (Penguin, 1992), David Willetts recognised that ties of "duty, loyalty, and affiliation" are needed for "free markets" not to be destructive. But he failed to give a convincing answer to the charge that "free markets" undermine the social virtues on which they depend. As he rightly said, Conservatives have always believed in "free

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What Would Keynes Say? A Dialogue with Tim Congdon
Robert Skidelsky
Standpoint | Tuesday, December 01, 2009

 
Daniel Johnson: We should begin with Keynes. Robert, you've just published an important new book, The Return of the Master, which has already had a great impact here and abroad. Why is this great economist, who died more than half a century ago, still in your view the key thinker for those who want to understand the present situation, and what part of his legacy do you think is the most important?
 
Robert Skidelsky: He still provides the best explanation of how economies can crash, and also of how they can then stay in a depressed state for a long time. He overturned the classical view of his time — which actually was then revived — that markets are always efficient and that economies are always self-correcting without very much trouble.

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