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The fight of a 'citizen economist' for peace and prosperity

Renaud Bellais () and Fanny Coulomb ()
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Renaud Bellais: ENSTA Bretagne_SHS - Département Sciences Humaines et Sociales ENSTA Bretagne - ENSTA Bretagne - École Nationale Supérieure de Techniques Avancées Bretagne
Fanny Coulomb: CESICE - Centre d'études sur la sécurité internationale et les coopérations européennes - UPMF - Université Pierre Mendès France - Grenoble 2 - IEPG - Sciences Po Grenoble - Institut d'études politiques de Grenoble

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Abstract: John Maynard Keynes was a citizen economist, anxious to defend a capitalist system threatened by the rise of totalitarianism during the inter‐war period. His criticism of the Versailles treaty in 1919 was supported by the idea of a link between economic prosperity and international peace. During the crisis of the 1930s, he advocated using the League of Nations for a peaceful settlement of international conflicts; while being in favour of economic interventionism, he criticised mercantilist policies. He recognised that military expenditure may be used as a reflationary policy, but after 1945 his theory was misused to promote the development of a ‘defence‐based' economic policy.

Keywords: League of Nations; Keynes; Citizen economist (search for similar items in EconPapers)
Date: 2008
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Citations: View citations in EconPapers (3)

Published in Defence and Peace Economics, 2008, War and Peace Issues in the History of Economic Thought, 19 (5), pp.361-371. ⟨10.1080/10242690802354352⟩

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Persistent link: https://EconPapers.repec.org/RePEc:hal:journl:hal-01044927

DOI: 10.1080/10242690802354352

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