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The End of laissez-faire
Book • 1926
This book, first published in July 1926, is based on the Sidney Ball Lecture given by Keynes at Oxford in November 1924 and a lecture at the University of Berlin in June 1926.
Keynes critiques the doctrines of laissez-faire, suggesting they are dependent on improper deductive reasoning.
He argues that the question of whether a market solution or state intervention is better must be determined on a case-by-case basis, rather than by a general rule a priori.
The book challenges the traditional laissez-faire economic theory, highlighting its unrealistic assumptions and the need for a more nuanced approach to economic policy.
Keynes critiques the doctrines of laissez-faire, suggesting they are dependent on improper deductive reasoning.
He argues that the question of whether a market solution or state intervention is better must be determined on a case-by-case basis, rather than by a general rule a priori.
The book challenges the traditional laissez-faire economic theory, highlighting its unrealistic assumptions and the need for a more nuanced approach to economic policy.
