Rise and fall of Keynesianism (Farrell & Quiggin)

Consensus, dissensus and economic ideas: The rise and fall of Keynesianism during the economic crisis by Henry Farrell and John Quiggin. “This book looks at how a Keynesian consensus emerged in 2008-9, culminating in policies of fiscal and monetary stimulus being adopted in most major economies. It also looks at how this consensus broke down from 2010 with the subsequent problem of rising public-sector deficits and debt and was replaced by a new, although less widespread, consensus of fiscal restraint.”