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?

Other Independent Review articles by Ralph Raico
    Winter 2005   The Great War Retold
    Spring 2002   On the Brink of World War II: Justus Doenecke’s Storm on the Horizon
    Fall 1998   Promised Land, Crusader State: The American Encounter with the World since 1776

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