I am working on a research project about political economy. However, I stumbled upon differences in the interpretation of the orientation of John Maynard Keynes. Some sources indicate that Keynes is a liberal political economy theorist, since he is advocating for a free economy as a whole, but he thinks that the government has to interfere in order to compensate the fluctuations of economic growth. On the other side, other theorist consider Keynes to be an economic nationalist, because he champions further government interference. Thus, my question is which interpretation is more correct?

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    $\begingroup$ What source considers Keynes “economic nationalist”? I can’t believe someone could make that argument since he was strong proponent of internationalism. He was one of the few voices to argue for welfare of Germans at Versailles conference despite being British $\endgroup$
    – 1muflon1
    May 21, 2023 at 19:05
  • $\begingroup$ Maybe Nicolay Bogdanov meant 'statist' , in favor of a heavy role of government. $\endgroup$ May 22, 2023 at 16:13

1 Answer 1


May be you can start reading what Keynes thought of himself, regarding that question, in his 1925 essay Am I a Liberal?:

I am ready to sacrifice my local patriotisms to an important general purpose. What is the real repulsion which keeps me away from Labour? (Keynes, cit.)

This essays was first given as an address to the Liberal Summer School which met at Cambridge in August 1925. It was then published as two articles in the Nation and Athenaeum, 8 and 15 August 1925.


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