On "fear of goods" in Keynes's thought

Anna Carabelli () and Mario Cedrini

The European Journal of the History of Economic Thought, 2015, vol. 22, issue 6, 1115-1148

Abstract: Offering a view of the other side of the liquidity issue, the paper elaborates on the concept of "fear of goods" in Keynes's thought. It therefore illustrates numerous evidences of "fear of goods" in his economics, and aims to show that the notion might be considered as playing a quite important role in establishing connections between ideas that are apparently only weakly related. The article fosters an interpretation of the development of Keynes's theoretical arguments and proposed policy instruments for both domestic and global economy, as reactions to the "fear of goods" of capitalism, which Keynes saw as an inborn propensity of monetary economies of production.

Date: 2015
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DOI: 10.1080/09672567.2015.1094099

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