Was Keynes a Conservative?
Interesting how the terms “conservative” and “liberal” have changed over time. It seems that the folks calling themselves conservatives nowadays usurped the term and now it means pro-life, gun-toting, pro-capital punishment, while liberal means limp wristed pro-choice, nanny staters.
To me, liberals want change for the better (whether that occurs or not in practice is another story) while conservatives just want status quo. What do you think?
Here’s a modern-day analysis of Keynes’ policy prescription. What are your thoughts?
Keynes’ efforts were motivated by a strong desire to maintain the liberal capitalist order. Honest conservatives have always understood this. In 1945, economist David McCord Wright noted that a conservative political candidate could easily run a campaign “largely on quotations from The General Theory.”