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Volume 13  Number 2  •  Fall 2008
Other Issues:  

Was Keynes a Liberal?
By Ralph Raico
This article appeared in the Fall 2008 issue of The Independent Review

If genuine liberalism relies on free markets and civil society to solve economic and social problems, then the “Keynesian Revolution” signaled its abandonment. Why, then, do many historians consider John Maynard Keynes—a neomercantilist and welfare statist—to have been a great liberal in the tradition of Locke, Smith, and Jefferson?

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