Saturday, July 19, 2014

John Maynard Keynes — The end of laissez-faire (1926)

Weekend reading. This was posted on a Libertarian site, so it may also be of interest to anti-Keynesians. For Keynesians, disregard the anti-Keynesian characterization in the introductory note. It's the only place I've been able to locate a copy on the Internet that is free access.

"The end of laissez-faire" begins with a brilliant presentation of the history of philosophical and economic thinking that led to liberalism, which is followed by Keynes's own ideas and comments.

I have no hesitation in calling this a must-read.

John Maynard Keynes — The end of laissez-faire  (1926)
(h/t  Brad DeLong)

1 comment:

Bob Roddis said...

How brilliant. Clearly, the world endured strict application of the protections of private property and persons along with the deprevations of a strict sound money regime throughout WWI with the drafting and slaughter of million and millions of soldiers and civilians facilitated by the total disruption of banking and money via central banks funding the carnage. An amazing historical proof of the evils of a system that was not actually in effect. Historical analysis triumphs again.

The distortion of simple words and concepts is the only hope of the "progressives" as demonstrated with virtually every post on this web site.