Keynes and central planning

Russ Roberts on if Keynes was a socialist:

Keynes’s roadmap for recovery and prosperity is more top down. Hayek’s is more bottom up. I think that’s a fair assessment. Paul Krugman is not a socialist. Neither is Brad DeLong. Both, however, want a lot more top down control or steering of the economy than John Papola and I want. So in that sense, I think the lyrics are fair to Keynes and Hayek and their modern-day fans.”

Cafe Hayek

via Keynes and central planning.


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