DISCURSIVE STRATEGIES IN THE KEYNES-HAYEK DEBATE: BUILDING A LIBERAL CRITIQUE

Danielle Guizzo

Contributions to Political Economy, 2019, vol. 38, issue 1, 12-30

Abstract: This article addresses an analysis of discourse based on Michel Foucault’s ‘order of discourse’ to comprehend which discursive forces influenced Keynes’s mode of thought and his liberal critique. The article returns to the Keynes–Hayek debate to explore the possibilities of considering Hayek as a reverse influence in Keynes’s late beliefs on the limits of state action and socially desired ends. An understanding of Keynes’s view on the state and economic action requires identifying the underlying strategies of his discourse when criticizing Hayek’s spontaneous liberalism. More specifically, Hayek’s liberal views promoted a reverse and discontinuous force that contributed to reinforce Keynes’s mode of thought.

Date: 2019
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