WI no Keynes
- Thread starter Zuvarq
- Start date
Ideas cannot be butterflied away.
Someone else would come up with his theory, though perhaps later.
Someone else would come up with his theory, though perhaps later.
"later" wouldn't have helped if the US etc. didn't moderate the excesses of capitalism... leading to full blown revolutions.
IT's not too much of a stretch to say that Keynes saved capitalism by reforming it. I mean you had fascism, anarchism, socialism, communism etc. all at the gates.
IT's not too much of a stretch to say that Keynes saved capitalism by reforming it. I mean you had fascism, anarchism, socialism, communism etc. all at the gates.
I would hardly call Roosevelt a Keynesian. He apparently disliked Keynes personally, and his economic policies were not lock step with what Keynes wanted. The first four Roosevelt years saw the US run budget deficits, but not to the extent Keynes would want. As Keynes greatest work came out in 36/37, the US was beginning spending cuts, tax increases, and the Fed raised interest rates. WWII would come shortly after.
Most Keynes related butterflies on the US will come after WWII. Not immediately after either. Keynes was afraid governments were cutting military spending too fast though they didn't listen.
I'm not sure about some of Europe but I doubt revolution would have taken hold in the US or Latin America if Keynes' ideas never happened. They didn't start implementing his ideas till much latter.
Add in how the 70's kind of disproved the whole keynes is right thing. I think the economic and more importantly the political butterflys would be quite intresting
Sure. But Keynes was certainly very aggressive in trying to sway Roosevelt et al. Not sure if someone else would have had the will/ability to do so well.
I don't know too much about it all, but some sort of greater social unrest seems like a possibility.
That latter part wouldn't change.