The Death of Laissez-Faire: Keynes vs. The Invisible Hand (1926)
Автор: Gustavo Gesualdo
Загружено: 2025-12-29
Просмотров: 7
Описание:
"It is not a correct deduction from the principles of economics that enlightened self-interest always operates in the public interest." — J.M. Keynes.
Welcome to a Special Philosophical Episode. Before he could write the General Theory, Keynes had to destroy the economic religion of his time: the dogma that if the State does nothing, the market fixes everything.
In this brilliant essay, Keynes dismantles the myth of "Laissez-Faire" and paves the way for modern economics.
In this episode, we explore: 🍊 The Adam Smith Myth: Did you know the phrase "Laissez-Faire" isn't even in The Wealth of Nations? Keynes explains how politicians distorted the economists. 🍊 The Giraffe Analogy: Why unbridled Darwinian competition doesn't always lead to efficiency, but often to waste and suffering. 🍊 The Agenda of the State: Keynes's Golden Rule: The government shouldn't do what individuals are already doing; it must do those things which are not done at all. 🍊 The End of an Era: The moment Victorian capitalism died intellectually.
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📚 SOURCE: Keynes, J.M. (1926). The End of Laissez-Faire.
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