Quotation of the Day…

by Don Boudreaux on October 12, 2012

in Man of System, State of Macro

… is from pages 347-349 of Antonio Almodovar’s and Jose Luis Cardoso’s 2005 essay “Corporatism and the Economic Role of Government,” which appears on pages 333-354 of The Role of Government in the History of Economic Thought (Steven G. Medema and Peter Boettke, eds., 2005):

Keynes believed in a concept of government based on public interest and benevolent dictatorship….

Still another example of potential convergence [of Keynes's notions and corporatism] may be found in the Preface to the German edition of the General Theory where Keynes himself acknowledges that his theory is better adapted to the overall circumstances of an authoritarian regime.

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