I just came across this essay in an article on Salon.com. It’s a very interesting essay by John Maynard Keynes called The End of Laissez-Faire and in my view it is a must read. Anybody who is not familiar with Keynesian Economics and how it fundamentally differs from the current Austrian School as championed by the likes of Milton Friedman and Alan Greenspan would do well to read Keynes if only to see that there are other options. I find Keynes’ writing style awkward and a bit hard to read, but his theories are undoubtedly interesting and his intellect is impressive.
When I was in school, I’m sure I never imagined I’d be reading economics papers for my own amusement. I’m getting old.