IDEAS home Printed from https://ideas.repec.org/a/taf/rsocec/v56y1998i2p119-135.html
   My bibliography  Save this article

Dead Economists as Inspirators of Living Social Economists

Author

Listed:
  • Hans Jensen

Abstract

An attempt is made in this article to demonstrate that Alfred Marshall and John Maynard Keynes erected a number of signposts that point in the direction of a normative, institutional and policy-oriented social economics of labor. They opined that dysfunctioning institutions had thrown most members of the working class into an abyss of poverty. According to Marshall, poverty was caused by institutional neglect of education for the masses. Hence he recommended a drastic overhaul of those institutions that impinged on education. Keynes argued that the rentiers were the villains because they had intentionally reduced their funding of entrepreneurial investments. Consequently, investments dwindled and unemployment caused working-class poverty to rise above its customary levels. Keynes's solution was public investment in private enterprises, which he called socialization of investment. This would cause euthanasia of the anti-social rentiers. Because of their recommendations, Marshall and Keynes called themselves socialists.

Suggested Citation

  • Hans Jensen, 1998. "Dead Economists as Inspirators of Living Social Economists," Review of Social Economy, Taylor & Francis Journals, vol. 56(2), pages 119-135.
    • Handle: RePEc:taf:rsocec:v:56:y:1998:i:2:p:119-135
    DOI: 10.1080/00346769800000015
    as

    Download full text from publisher

    File URL: http://www.tandfonline.com/doi/abs/10.1080/00346769800000015
    Download Restriction: Access to full text is restricted to subscribers.
    File URL: https://libkey.io/10.1080/00346769800000015?utm_source=ideas
    LibKey link: if access is restricted and if your library uses this service, LibKey will redirect you to where you can use your library subscription to access this item
    ---><---

    As the access to this document is restricted, you may want to search for a different version of it.

    References listed on IDEAS

    as
    1. Bradley W. Bateman & John B. Davis (ed.), 1991. "Keynes and Philosophy," Books, Edward Elgar Publishing, number 37.
    Full references (including those not matched with items on IDEAS)

    Most related items

    These are the items that most often cite the same works as this one and are cited by the same works as this one.
    1. Roger Backhouse & Bradley Bateman, 2006. "John Maynard Keynes: Artist, Philosopher, Economist," Atlantic Economic Journal, Springer;International Atlantic Economic Society, vol. 34(2), pages 149-159, June.
    2. Elke Muchlinski, 1998. "The Philosophy of John Maynard Keynes (A Reconsideration)," Cahiers d'Économie Politique, Programme National Persée, vol. 30(1), pages 227-253.
    3. Christophe Lavialle, 2001. "L'épistémologie de Keynes et "l'hypothèse Wittgenstein" : La cohérence logique de la Théorie Générale de l'emploi, de l'intérêt et de la monnaie," Cahiers d'Économie Politique, Programme National Persée, vol. 38(1), pages 25-64.
    4. David Andrews, 1997. "Book Reviews," Review of Political Economy, Taylor & Francis Journals, vol. 9(2), pages 247-251.
    5. Arnaud Berthoud, 1998. "Economie et action politique dans la Théorie générale," Cahiers d'Économie Politique, Programme National Persée, vol. 30(1), pages 265-279.
    6. Johannes Dolderer & Christian Felber & Petra Teitscheid, 2021. "From Neoclassical Economics to Common Good Economics," Sustainability, MDPI, vol. 13(4), pages 1-20, February.
    7. Muchlinski, Elke, 2011. "Die Rezeption der John Maynard Keynes Manuskripte von 1904 bis 1911. Anregungen für die deutschsprachige Diskussion," Discussion Papers 2011/7, Free University Berlin, School of Business & Economics.
    8. Muchlinski, Elke, 2004. "Kontroversen in der internationalen Währungspolitik: Retrospektive zu Keynes-White-Boughton & IMF," Discussion Papers 2004/1, Free University Berlin, School of Business & Economics.

    Corrections

    All material on this site has been provided by the respective publishers and authors. You can help correct errors and omissions. When requesting a correction, please mention this item's handle: RePEc:taf:rsocec:v:56:y:1998:i:2:p:119-135. See general information about how to correct material in RePEc.

    If you have authored this item and are not yet registered with RePEc, we encourage you to do it here. This allows to link your profile to this item. It also allows you to accept potential citations to this item that we are uncertain about.

    If CitEc recognized a bibliographic reference but did not link an item in RePEc to it, you can help with this form .

    If you know of missing items citing this one, you can help us creating those links by adding the relevant references in the same way as above, for each refering item. If you are a registered author of this item, you may also want to check the "citations" tab in your RePEc Author Service profile, as there may be some citations waiting for confirmation.

    For technical questions regarding this item, or to correct its authors, title, abstract, bibliographic or download information, contact: Chris Longhurst (email available below). General contact details of provider: http://www.tandfonline.com/RRSE20 .

    Please note that corrections may take a couple of weeks to filter through the various RePEc services.

    IDEAS is a RePEc service. RePEc uses bibliographic data supplied by the respective publishers.