Many argue only Winston Churchill had a greater impact on British life than John Maynard Keynes over the last century. In the series Masters of Money, BBC Economics Editor Stephanie Flanders examines how three extraordinary thinkers - Keynes, Hayek and Marx – helped shape the 20th century and continue to exert a huge influence on our world today.
Episode one is on Keynes. Even today his ideas remain crucial to the most important debate of our time: how can we escape from the economic crisis? Should governments borrow and spend their way out of trouble or slash spending and reduce the national debt?