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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. Matías Vernengo, 2023. "Was Keynes a Liberal or a Socialist?," FMM Working Paper 94-2023, IMK at the Hans Boeckler Foundation, Macroeconomic Policy Institute.
    2. 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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