How Keynesian economics can save the world: Ann Pettifor’s “The Case for the Green New Deal.”
Book Reviews
In her 2019 novel “The Case for the Green New Deal,” Pettifor provides a straightforward explanation of the issues facing our world and strategies to solve them. However, this isn’t a regular classical economics book — Pettifor, who is known to have predicted the 07/08 financial crisis, sets out an alternative to the current neoliberal global economy through the use of Keynesian economics.
This includes, but is not limited to, a discussion on modernising government bonds and using them as a method to raise finance to avert climate disaster, tapping into the unused savings of pensions funds and a new type of tax. She also goes into detail about why community and individual action isn’t good enough to save the planet, and argues that radical structural change is needed.
After reading this book, I felt well equipped and ready to push for a better world. An essential read for anyone who cares about the environment.
If you’re an environmentalist, or just feel politically curious, I strongly recommend getting this book. A foundation in some economics and politics may be helpful for more technical aspects of this book but on the whole, information is presented in an easily digestible manner; and for that, it’s well worth the read.
