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Robert Skidelsky, Jared Diamond, Michael Frenkel…

Notable quotes from the good and the great reported elsewhere.

“The chancellor’s policy is based on the wrong theory of the economy; the Bank of England’s on the wrong theory of money. Failure was predictable.”

Robert Skidelsky, emeritus professor of political economy at the University of Warwick and biographer of John Maynard Keynes, explains why he believes George Osborne has missed his deficit reduction targets leading to three more years of austerity than originally planned. Financial Times, 3/12/12.

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