View Single Post
Old January 18th, 2010 #7
Rick Ronsavelle
Senior Member
 
Rick Ronsavelle's Avatar
 
Join Date: Jun 2009
Posts: 4,006
Default

"In the preface to the German edition [of his General Theory], Keynes boasted that his theory was particularly well suited for totalitarian regimes and lamented that it was less fit for the conditions prevailing in freer societies."

On p. xxvi of his Collected Writings Keynes writes:

"Nevertheless the theory of output as a whole, which is what the following book purports to provide, is much more easily adapted to the conditions of a totalitarian state, than is the theory of production and distribution of a given output produced under conditions of free competition and a large measure of laissez-faire."

http://blog.mises.org/archives/007285.asp