Keynes, Russian Economic Thought, and Contemporary Policy
By Marianne Johnson, Alexander Kovzik
This article appeared in the Spring 2022 issue of The Independent Review.
From Lenin to the present, Russo-Soviet interpretations of the works of John Maynard Keynes have provided a lens by which to understand Russian economic thought and policy. Examining the evolution of these interpretations, unfortunately, reveals that Keynesianism in Russia has helped convince economists and policy makers that market systems cannot be relied upon to function effectively without significant government intervention.