Keynes and Capitalism

Bibliographic Data

ID4297417
AuthorsRoger E Backhouse (0000-0003-2393-6517, University of Birmingham), Bradley W Bateman (Denison University)
Year2009
Volume41
Issue4
Pages645-671
Publication date2009-11-01
Peer ReviewedYes
Open AccessNo
TypeARTICLE
VenueHistory of Political Economy (JOURNAL)
Journal identifiersISSN: 0018-2702 • E-ISSN: 1527-1919
PublisherDuke University Press (PUBLISHER • US)
DOI10.1215/00182702-2009-036
OpenAlexW1965195371
LanguageEN
Citations received9
References cited14

We analyze Keynes's thoughts on capitalism by focusing on what he wrote on the topic, using the Collected Writings, taken as a whole, together with some unpublished material to tackle three issues: what Keynes meant by capitalism; the fragility of capitalism; and the morality of capitalism. In doing this, we juxtapose materials written at different stages of his career. While the context and the theoretical framework within which Keynes developed his economic thinking changed substantially, our argument is that beneath these many changes in his circumstances and analytical frame lay a remarkably consistent attitude toward capitalism, an attitude in which morality was central. This view of capitalism is linked with the personal values that animated his life, especially the values that he shared with the other members of Bloomsbury

Argument (complex analysis · Capitalism · Context (archaeology · Economics · Morality · Neoclassical economics · Political science · Positive economics · Sociology · Economic Theory and Institutions · Economic Theory and Policy · History · Law · Medicine · Political Economy and Marxism

Tools

Open DOISci-HubOpen Access