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The Fight Of A 'Citizen Economist' For Peace And Prosperity: Keynes And The Issues Of International Security

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  • Renaud Bellais
  • Fanny Coulomb

Abstract

John Maynard Keynes was a citizen economist, anxious to defend a capitalist system threatened by the rise of totalitarianism during the inter-war period. His criticism of the Versailles treaty in 1919 was supported by the idea of a link between economic prosperity and international peace. During the crisis of the 1930s, he advocated using the League of Nations for a peaceful settlement of international conflicts; while being in favour of economic interventionism, he criticised mercantilist policies. He recognised that military expenditure may be used as a reflationary policy, but after 1945 his theory was misused to promote the development of a 'defence-based' economic policy.

Suggested Citation

  • Renaud Bellais & Fanny Coulomb, 2008. "The Fight Of A 'Citizen Economist' For Peace And Prosperity: Keynes And The Issues Of International Security," Defence and Peace Economics, Taylor & Francis Journals, vol. 19(5), pages 361-371.
    • Handle: RePEc:taf:defpea:v:19:y:2008:i:5:p:361-371
    DOI: 10.1080/10242690802354352
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    References listed on IDEAS

    as
    1. David Laidler, 2002. "Skidelsky's Keynes: a review essay," The European Journal of the History of Economic Thought, Taylor & Francis Journals, vol. 9(1), pages 97-110.
    2. Peden, G. C., 2000. "The Treasury and British Public Policy 1906-1959," OUP Catalogue, Oxford University Press, number 9780198207078.
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    Cited by:

    1. Kimbambu Tsasa Vangu, Jean - Paul, 2012. "Analyse de la Relation Guerres Civiles et Croissance Économique [Civil Wars and Economic Growth in DRC]," MPRA Paper 42424, University Library of Munich, Germany, revised 05 Feb 2012.
    2. Fanny Coulomb & Jacques Fontanel, 2012. "War and Capitalism," Post-Print hal-02043794, HAL.
    3. Fanny Coulomb & Jacques Fontanel, 2011. "Guerre et capitalisme," Working Papers hal-02185228, HAL.

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