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Political Philosophy II

In: Keynes: Philosophy, Economics and Politics

Author

Listed:
  • R. M. O’Donnell

    (Macquarie University)

Abstract

A crucial question for liberalism is the respective roles of the private and public spheres. This chapter reviews Keynes’s attitude to laissez-faire and individualism, and adumbrates in some detail the various functions and duties of the state that arise within his framework. To Keynes, the state’s role extended not only beyond the macroeconomic but beyond the economic as well. The nature of Keynes’s liberalism is then explored, it being contended that the neglect of Keynes’s philosophy has engendered a certain one-sidedness in recent debate. Given his Utopian goals, Keynes’s relationship to socialism is equally intriguing. While state socialism was flatly rejected, an alternative conception of liberal socialism was proposed. Several underlying themes will become apparent — a basic continuity over time in his general political stances, the background influence of his philosophy, and an encouragement of adaptability to historical change.

Suggested Citation

  • R. M. O’Donnell, 1989. "Political Philosophy II," Palgrave Macmillan Books, in: Keynes: Philosophy, Economics and Politics, chapter 14, pages 295-324, Palgrave Macmillan.
    • Handle: RePEc:pal:palchp:978-1-349-07027-5_15
    DOI: 10.1007/978-1-349-07027-5_15
    as

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