Wednesday, January 11, 2012

Keynes: the Return of the Master by Robert Skidelsky

"...let's get Keynes--and Keynesianism--right.  In the US, more than in Britain, he is considered a kind of socialist.  This is wrong.  Keynes was not a nationalizer, nor even much of a regulator.  He came not exactly to praise capitalism, but certainly not to bury it.  He thought that, for all its defects, it was the best economic system on offer, a necessary stage in the passage from scarcity to abundance, from toil to the good life."

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