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    ..fascinating BBC series about economists.

    The first was all about John Maynard Keynes and, given that it was the BBC, I was surprised to see that it was reasonably balanced. They did underplay some of the problems with Keynseyan economics though. Also when they identified Gordon Brown as a Keynseyan who adopted Keynseyan policies in 2007 when the slowdown started, they failed to mention that prior to that Brown had ignored the inconvenient side of Keynes prescription leaving the UK economy in an appalling position at that point in the cycle.

    The next programme is about the great Freiderick Hayak of the 'Austrian school' and his alternative prescription who is a much greater and more successful economic figure than Keynes.

    In post-war UK it was Keynes theories that dominated leading to a 'managed decline' of the UK. By contrast Germany adopted Hayek's theories leading to their economic miracle leaving them still the strongest European economy.

    The third and final programme in the series is about Marx. A very strange choice. Talk of Marx being a 'Master of Money' is like describing Hitler as a 'great humanitarian'. In every country that adopted Marx they had to impose the ideas within the structure of a totalitarian state resulting in economic disaster. Adam Smith would have been a far better choice.

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