Keynes Against Capitalism: His Economic Case for Liberal Socialism

Keynes is one of the most important and influential economists who ever lived. It is almost universally believed that Keynes wrote his magnum opus, The General Theory of Employment, Interest and Money, to save capitalism from the socialist, communist, and fascist forces that were rising up during the Great Depression era. This book argues that this was not the case with respect to socialism.

Tracing the evolution of Keynes’s views on policy from WWI until his death in 1946, Crotty argues tha...