Keynes versus the ‘Keynesians’
Celebrating the first 20 years of the IEA
Keynes's name and repute have been used to support policies not justified by his writings
Professor Hutchison argues that Keynes would not have supported their interpretations of five major aspects of economic policy: the nature of full employment, the methods of ensuring economic growth, the relative importance of price stability and other economic aims such as full employment, the control of inflation by incomes policy, and the desirability of public expenditure. And from this view he maintains that Keynes’s name and repute have been used to support policies not justified by his writings.
With commentaries by Lord Kahn and Sir Austin Robinson.