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Was Keynes a socialist?

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  • Edward W Fuller

Abstract

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.

Suggested Citation

  • Edward W Fuller, 2019. "Was Keynes a socialist?," Cambridge Journal of Economics, Cambridge Political Economy Society, vol. 43(6), pages 1653-1682.
    • Handle: RePEc:oup:cambje:v:43:y:2019:i:6:p:1653-1682.
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    File URL: http://hdl.handle.net/10.1093/cje/bez039
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    Cited by:

    1. Alves, C., 2022. "Joan Robinson in 1942, an encounter between Marxian Economics and Macroeconomics," Cambridge Working Papers in Economics 2226, Faculty of Economics, University of Cambridge.

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