‘To Keynesians such as Martin Wolf and Larry Summers, the theory is simple: cuts in public expenditure and reductions in deficits have deflationary effects. But what about the evidence?’

Adam Smith’s invisible hand is lifting us out of recession, but globalisation can be snuffed out again by protectionism

The most inflential economist of the 20th century still dominates debate about the financial crisis. His biographer Robert Skidelsky and Britain's leading monetarist Tim Congdon discuss the relevance of Keynes

‘Robert Skidelsky has moved away from Keynes and closer to the Keynesians’