Keynes: socialist, liberal or conservative? — Michael Roberts

Interesting post. Michael Roberts argues that Keynes was all three–socialist, liberal and conservative at different times. But owing to his social status, Keynes was fundamentally a British upper-class conservative, or in Marxian terminology, a "bourgeois liberal." However, he was not hidebound and also had a sense of reality that made him open to accommodate changing circumstances.

Michael Roberts Blog
Keynes: socialist, liberal or conservative?
Michael Roberts

See also

The Political Economy of Development
Keynes against capitalism
Nick Johnson

Chris Lehmann — Morning Jo(k)e

As economist James Crotty observes, the Beltway mindset has roots in the far Right’s resistance to the New Deal in the ’30s. Thanks to corporate-funded think tanks, political campaigns and—yes—broadcast media, the nostrums of the fringe Right of the 1930s now represent the policy mainstream. When it came to the automatic spending cuts of the sequester, “the people who fund the [right-wing] ideology [are] pretty happy,” Crotty says. “They want to privatize Social Security. They want to break the unions. They want to get the working class desperate for a job under any conditions and under any wages.”

But Joe Scarborough wants you never to forget, even for a moment, that Paul Krugman’s the one who’s being extreme.

In These Times
Morning Jo(k)e
Chris Lehmann | Contributing Editor

More neoliberal nonsense.