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Understanding Bourgeois Economist John Maynard Keynes: A Political Economy Essay

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  • Betül SARI AKSAKAL

Abstract

John Maynard Keynes is one of the most famous economists and intellectuals of the 20th century. With his political foresight, Keynes did an essential job rebuilding capitalism and reshaping the capitalist state. Many opinions have been put forward about Keynes throughout the historical process. Some of these views were motivated by the motivation to base Keynes' ideas on a political and economic system and doctrine (pro-capitalism or pro-socialism). Keynes's views in favor of state intervention caused him to be referred to as a socialist thought leader. However, it is thought that this is not the truth. Because the articles written by Keynes on his ideology cannot be ignored at this point, it is assumed that Keynes believed in capitalism, defended the interests of the bourgeoisie, and sometimes gave importance to the state apparatus to ensure the sustainability of capitalist capital accumulation on a world scale. The study in all these contexts aims to examine Keynes' ideological and political tendencies and, at this point, to draw a portrait of Keynesian economics beyond what is known. Thus, by considering Keynes's economic arguments, extensions, and reformulations of Keynesian theory, it is thought that a contribution can be made to the ongoing intellectual debates on how Keynes can and cannot be defined in an ideological context.

Suggested Citation

  • Betül SARI AKSAKAL, 2025. "Understanding Bourgeois Economist John Maynard Keynes: A Political Economy Essay," Fiscaoeconomia, Tubitak Ulakbim JournalPark (Dergipark), issue 1.
    • Handle: RePEc:fis:journl:250112
    DOI: 10.25295/fsecon.1512706
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    References listed on IDEAS

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    Keywords

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    JEL classification:

    • E12 - Macroeconomics and Monetary Economics - - General Aggregative Models - - - Keynes; Keynesian; Post-Keynesian; Modern Monetary Theory
    • N45 - Economic History - - Government, War, Law, International Relations, and Regulation - - - Asia including Middle East
    • P10 - Political Economy and Comparative Economic Systems - - Capitalist Economies - - - General
    • P16 - Political Economy and Comparative Economic Systems - - Capitalist Economies - - - Capitalist Institutions; Welfare State

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