Keynes and the Future of Capitalism

Sooner or later someone was apt to characterize the contemporary era as the age of Keynes. It was back in the 1930’s that capitalism seemed to have come to a dead end: the great productive system of the West had ground to a virtual halt, leaving millions stranded in unemployment and abject poverty with no prospect for a decent livelihood ,either for themselves or their children. Banks, the central institution of capitalist society, were closing their doors with frightening frequency. ...