Wednesday, June 5, 2013

A Quote to Mark the Birth of Keynes

            The following is from Charles Rowley's essay "John Maynard Keynes and the Attack on Classical Political Economy."

"Perhaps understandably, in the absence of any public choice perception, Keynes made no reference, either then or later, to the special interests that would dictate the pattern of government intervention once the political market was unleashed from its laissez-faire constraints.  But, he had no excuse, whatsoever, other than Harvey Road elitism, for ignoring the warnings of Hume, Smith and Mill concerning the self-seeking corruption endemic in an extended polity." - page 130-131

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