The Adoption of Keynesianism by Left Parties

This chapter explores the adoption of Keynesianism by socialist and social democratic parties and its implications on socialist economic thinking. It delves into the consequences of adopting orthodox economic beliefs and discusses how the introduction of Keynesianism allowed left parties to govern in line with their principles during economic downturns. The chapter also analyzes the interdependence between economics and left parties and its influence on the transformation of both politics and the intellectual infrastructure of left politics.