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The quotation by robinson about capitalism and “nasty people” appeared in the 1941 book “monopoly” which was part of a series called the “cambridge economic handbooks” that was planned and edited by keynes initially. I will then go on to take up the criticism of capitalism with which he is lastingly associated. Capitalism is the extraordinary belief that the nastiest of men, for the nastiest of reasons, will somehow work for the benefit of us all.
“capitalism is the extraordinary belief that the nastiest of men for the nastiest of motives will somehow work for the benefit of all.” you can find this statement, attributed to economist john maynard keynes all over the web. In this paper i will first touch on keynes’s contribution to the debate with marxism Yet few have influenced the social consequences of economic thought more than john maynard keynes
His position in this select group of thinkers is secure
His theories revised modern economic models and had a direct role in transforming western society during the dark days of the great depression. For good or for ill, keynesian economics is often argued to have transformed economic policymaking in the industrial democracies after the great depression At one time, it was common to refer to keynes as “the man who saved capitalism” during the great depression. John maynard keynes was a major figure in both controversies
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