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Keynes and Eucken on Capitalism and Power

In: Power in Economic Thought

Author

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  • Raphaël Fèvre

    (University of Lausanne)

Abstract

Fèvre compares John M. Keynes’ and Walter Eucken’s respective ideas on the issue of economic power. This chapter analyses, in particular, the consequences this entails on both Keynes’ and Eucken’s visions of how to manage a market economy. Fèvre shows that while Keynes put his faith in the complementary nature of private and public bodies as a way to reach a balance of interests, Eucken favoured the existence of an independent office in charge of monitoring competitive market structures, disempowering private agents.

Suggested Citation

  • Raphaël Fèvre, 2018. "Keynes and Eucken on Capitalism and Power," Palgrave Studies in the History of Economic Thought, in: Manuela Mosca (ed.), Power in Economic Thought, chapter 12, pages 321-347, Palgrave Macmillan.
    • Handle: RePEc:pal:pshchp:978-3-319-94039-7_12
    DOI: 10.1007/978-3-319-94039-7_12
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