Keynes and Eucken on Capitalism and Power

Raphaël Fèvre
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Raphaël Fèvre: University of Lausanne

Chapter 12 in Power in Economic Thought, 2018, pp 321-347 from Palgrave Macmillan

Abstract: Abstract Fèvre compares John M. Keynes’ and Walter Eucken’s respective ideas on the issue of economic power. This chapter analyses, in particular, the consequences this entails on both Keynes’ and Eucken’s visions of how to manage a market economy. Fèvre shows that while Keynes put his faith in the complementary nature of private and public bodies as a way to reach a balance of interests, Eucken favoured the existence of an independent office in charge of monitoring competitive market structures, disempowering private agents.

Date: 2018
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Persistent link: https://EconPapers.repec.org/RePEc:pal:pshchp:978-3-319-94039-7_12

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DOI: 10.1007/978-3-319-94039-7_12

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