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.”

Keynes Was Really A Conservative – Forbes.com

billspaced

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Steve - August 16, 2009 Reply

This Forbes article is not making the claim that the labels have changed. Did you read the article?

viky - September 5, 2009 Reply

The post was really very informative. I am not into so much of reading magazines and other stuffs. This had definitely made a desire in me to probe in to the forbes article that you have stated. Thanks for the post.

billspaced - September 19, 2009 Reply

@Steve, of course I read the article! I wasn’t meaning to imply that Forbed made any claims at all. It was my claim. I’ve been reading some stuff by Milton Friedman and essentially everything that is called conservative now, he was calling liberal. That’s all. I should have been clearer.

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