Journal
CAMBRIDGE JOURNAL OF ECONOMICS
Volume 43, Issue 6, Pages 1653-1682Publisher
OXFORD UNIV PRESS
DOI: 10.1093/cje/bez039
Keywords
John Maynard Keynes; Socialism; Socialised investment; Robert Skidelsky; Rod O'Donnell
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This paper addresses the controversy over Keynes's political thought. Robert Skidelsky portrays Keynes as a liberal who wanted to save capitalism. By contrast, Rod O'Donnell argues Keynes was a socialist. This paper presents unexplored evidence that shows Keynes was a non-Marxist socialist from 1907 until his death in 1946. First, the paper demonstrates that Keynes described himself as a socialist and aligned himself with socialism. Next, the paper shows Keynes can be defined as a socialist because he advocated socialist policy. Finally, the paper discusses Keynes's socialist political and journalistic activities. Keynes was a non-Marxist socialist, meaning Skidelsky has misinterpreted Keynes's political philosophy.
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