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 Keynesa neomercantilist and welfare statistto have been a great liberal in the tradition of Locke, Smith, and Jefferson?
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|Other Independent Review articles by Ralph Raico|
|Winter 2005||The Great War Retold|
|Spring 2002||On the Brink of World War II|
|Fall 1998||Promised Land, Crusader State|