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Keynes and Eucken on Capitalism and Power

  • Raphaël Fèvre
Chapter
Part of the Palgrave Studies in the History of Economic Thought book series (PHET)

Abstract

Fèvre compares John M. Keynes’ and Walter Eucken’s respective ideas on the issue of economic power. This chapter analyses, in particular, the consequences this entails on both Keynes’ and Eucken’s visions of how to manage a market economy. Fèvre shows that while Keynes put his faith in the complementary nature of private and public bodies as a way to reach a balance of interests, Eucken favoured the existence of an independent office in charge of monitoring competitive market structures, disempowering private agents.

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Authors and Affiliations

  • Raphaël Fèvre
    • 1
  1. 1.Centre Walras-ParetoUniversity of LausanneLausanneSwitzerland

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