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John Maynard Keynes, Socialism and Economic Policy of Nazi Germany
[John Maynard Keynes, socialismus a hospodářská politika nacistického Německa]

Author

Listed:
  • David Lipka
  • Dan Šťastný

Abstract

Keynes foreword to the German edition of his General Theory is one of the causes of the association between his name and a total state. This paper looks into how justified the link between Keynes's theory and the Nazi German economic policy really is. The first part introduces Keynes's ideas on economic policy and his vision of society. These are in the second part confronted with the economic policy of the Nazi Germany (and partly that of Bolshevik Russia) and common components are identified. The conclusion is that despite his explicit repudiation of socialism and dictatorship and his efforts to "save" capitalism, Keynes's concept of economic policy was similar to the economic policy of Nazi Germany and opened the way towards socialism and planning.

Suggested Citation

  • David Lipka & Dan Šťastný, 2008. "John Maynard Keynes, Socialism and Economic Policy of Nazi Germany [John Maynard Keynes, socialismus a hospodářská politika nacistického Německa]," Acta Oeconomica Pragensia, Prague University of Economics and Business, vol. 2008(1), pages 108-116.
    • Handle: RePEc:prg:jnlaop:v:2008:y:2008:i:1:id:25:p:108-116
    DOI: 10.18267/j.aop.25
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    References listed on IDEAS

    as
    1. Arthur Schweitzer, 1946. "Profits Under Nazi Planning," The Quarterly Journal of Economics, President and Fellows of Harvard College, vol. 61(1), pages 1-25.
    2. Ritschl, Albrecht, 2002. "Deficit Spending in the Nazi Recovery, 1933-1938: A Critical Reassessment," Journal of the Japanese and International Economies, Elsevier, vol. 16(4), pages 559-582, December.
    3. Philip C. Newman, 1948. "Key German Cartels Under the Nazi Regime," The Quarterly Journal of Economics, President and Fellows of Harvard College, vol. 62(4), pages 576-595.
    4. Peter Temin, 1991. "Soviet and Nazi economic planning in the 1930s," Economic History Review, Economic History Society, vol. 44(4), pages 573-593, November.
    Full references (including those not matched with items on IDEAS)

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    More about this item

    Keywords

    Keynes; Hitler; Germany; socialism; economic policy;
    All these keywords.

    JEL classification:

    • E60 - Macroeconomics and Monetary Economics - - Macroeconomic Policy, Macroeconomic Aspects of Public Finance, and General Outlook - - - General
    • E65 - Macroeconomics and Monetary Economics - - Macroeconomic Policy, Macroeconomic Aspects of Public Finance, and General Outlook - - - Studies of Particular Policy Episodes
    • P52 - Political Economy and Comparative Economic Systems - - Comparative Economic Systems - - - Comparative Studies of Particular Economies

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