1. Was Keynes a Liberal?
- Author
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RAICO, RALPH
- Subjects
- *
KEYNESIAN economics , *LIBERALS , *ECONOMISTS , *POLITICAL attitudes ,SOVIET economic policy - Abstract
The article discusses the political views of economist John Maynard Keynes. Keynes' mercantilism and occasional departure from traditionally liberal ideas is discussed. Keynes' support for the financial system espoused by the Soviet Union, which suppressed the desire for moneymaking as a goal in itself, is also described. The argument is presented that Keynes' desire to abolish the profit motive is sufficient to cast doubt upon his status as a model liberal. It is reported that Keynes expressed sympathy with the Soviet system of economic theory.
- Published
- 2008