Law & Liberty
•82% Informative
John Maynard Keynes’s 1924 address, “ The End of Laissez-Faire ,” foreshadowed a revolution in economic thought.
Keynes was convinced that market liberalism could not comprehend or cope with the post-1918 world's economic problems.
The results of Keynes 's subsequent endeavors surround us today in the form of economically activist governments that crowd out freedom.
Keynes downplays his indispensable role in comprehending and responding to economic reality.
Keynes ’s “technically social” policies involved state agencies collecting and disseminating “on a great scale” all “data relating to the business situation, including the full publicity, by law if necessary, of all business facts which it is useful to know.
A century after Keynes ’s “ End of Laissez-Faire ” lecture, faith in economic interventionism persists.
In some cases, this functions as Keynesian shorthand for direct state intervention.
In other instances, Keynes holds that “many big undertakings, particularly public utility enterprises and other business requiring a large fixed capital need to be semi-socialized.
VR Score
87
Informative language
87
Neutral language
60
Article tone
informal
Language
English
Language complexity
71
Offensive language
not offensive
Hate speech
not hateful
Attention-grabbing headline
not detected
Known propaganda techniques
detected
Time-value
long-living
External references
5
Affiliate links
no affiliate links