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Not Beautiful, not Just, not Virtuous; 'And It Doesn't Deliver the Goods'. Capitalism and “Fear of Goods” in Keynes's Thought

Anna Carabelli () and Mario Cedrini ()

CESMEP Working Papers from University of Turin

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 as organising concept, helping to establish 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.

New Economics Papers: this item is included in nep-his, nep-hme, nep-hpe and nep-pke
Date: 2014-10
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