Hobson's Century: Adventures in Economics By Tuck Newport
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The economic ideas that have most profoundly shaped public opinion and government policy during the century since World War One derive from a now obscure English journalist John Atkinson Hobson Both Vladimir Ilyich Lenin the Russian revolutionary and founder of the Soviet Union and John Maynard Keynes the leading economist of the 20th Century credited Hobson for crucial concepts in their most famous and influential books Hobson crystallized and effectively publicized concepts that Lenin and Keynes incorporated into their much influential manifestos Fundamental assumptions about globalization derived from Lenin and fundamental assumptions about economic policy derived from Keynes have become conventional wisdom worldwide Both Keynes and Lenin went out of their way to acknowledge Hobson as the inspiration for their central arguments As a result of the historical magnitude of their ideas and influence we still live unwittingly in Hobson s Century Hobson s Century Adventures in Economics
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