 The Abyss Opens: The Rise and Fall of KeynesianismJohn Holloway Chapter 2 in Global Capital, National State and the Politics of Money, 1996, pp 7-34 from Palgrave Macmillan Abstract: Abstract Keynes lounging in an armchair, comfortable, thoughtful and benign, a pile of books and papers beside him, against the background of a chart showing the dramatic decline in unemployment form the 1930s to the 1960s: the cover of a popular book conveys perfectly the popular image of Keynesianism. For much of the post-war period, Keynesianism was presented simply as a beneficial, rational, scientific advance in the management of the economy, as a theoretical development which provided the basis for overcoming the problem of capitalist crisis and creating a just capitalist society. Even in recent years, when Keynesianism has been so much criticised, the image remains of Keynesianism as a possibly misguided, but certainly well-meaning theoretical development. In the midst of such images, it is sometimes hard to remember that the adoption of Keynesian policies was the culmination of a prolonged conflict, of a violence, horror and bloodiness quite unprecedented in the history of the world. Keywords: Trade Union; National Currency; Social Democratic Party; International Monetary System; Bretton Wood System (search for similar items in EconPapers) There are no downloads for this item, see the EconPapers FAQ for hints about obtaining it. Related works: Export reference: BibTeX RIS (EndNote, ProCite, RefMan) HTML/Text Persistent link: https://EconPapers.repec.org/RePEc:pal:palchp:978-1-349-14240-8_2 Ordering information: This item can be ordered from DOI: 10.1007/978-1-349-14240-8_2 Access Statistics for this chapter More chapters in Palgrave Macmillan Books from Palgrave Macmillan |
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