Sunday, August 01, 2021

"Shows How the Ascendance of Neoliberalism Is in Large Part a Reaction Against Not Just Marxism or Workers' Movements but, Specifically, Keynesian Liberalism"

"What might a genuinely Keynesian American economy look like? Public works spending on bridges, roads, parks, levees, railroads, and transit would help repair our long-neglected infrastructure. Investments in scientific research (including basic science), medical research, and green technology would unleash virtuous cycles of growth and innovation. But Keynes wouldn't stop there. A strong believer in the idea that the economy should serve human needs—not the other way around—he would support funding for libraries, universities, and other regional cultural institutions, trusting that these institutions might help diffuse our urban-rural divides."

At The Hedgehog Review, Charlie Tyson reviews Zachary D. Carter's The Price of Peace: Money, Democracy, and the Life of John Maynard Keynes.

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