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2020 | OriginalPaper | Chapter

19. The State and the Market in John Maynard Keynes and His Relevance Today

Author : Mario Sebastiani

Published in: New Perspectives on Political Economy and Its History

Publisher: Springer International Publishing

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Abstract

The search for an equilibrium between individual and social calculation encapsulates Keynes’s economic and social programme—a far-reaching vision to be implemented not on the macroeconomic level only, but by rethinking the laissez-faire creed as a whole. Accordingly, Keynes’s fundamental aim was to reform the relationships between the ‘State’ and the ‘market’—not the State vs. the market—searching for a way to reconcile them, with a view to promoting a more efficient and just economic and social system. After a brief survey of Keynes’s economic and social policy background, the chapter focuses on the persisting relevance of his agenda with particular reference to the current European policies.

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previous chapter An Outline of a Keynesian-Sraffian Macroeconomics
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Metadata
Title
The State and the Market in John Maynard Keynes and His Relevance Today
Author
Mario Sebastiani
Copyright Year
2020
Publisher
Springer International Publishing
Book
New Perspectives on Political Economy and Its History

Print ISBN: 978-3-030-42924-9

Electronic ISBN: 978-3-030-42925-6

Copyright Year: 2020

DOI
https://doi.org/10.1007/978-3-030-42925-6_19