In general, moreover, Keynesian proposals for "compensatory" policies follow Marxian socialism in seeking to force individuals to obey the rule, "From everyone according to his abilities, to everyone according to his needs." Arguments and theories used to support these proposals are essentially...
In the real world, erecting higher trade barriers will reduce economic output in both countries, whereas reducing trade barriers will lead to greater output.
But ignorance cannot account for Keynes's claim that he was the first economist to try to explain unemployment or to transcend the assumption that money is a mere veil exerting no important influence on the business cycle or the economy.
"No one was allowed to leave town, and anyone caught attempting or plotting to leave, helping anyone else to leave, or criticizing the king, was instantly beheaded."
There was a German language edition of his profoundly influential General Theory late in 1936, for which Keynes wrote a special foreword addressed solely to German readers.
Insufficiently educated in the history of economic thought, they do not realize that Keynesianism — down to the most technical details, like the concept of the foreign exchange multiplier — is mercantilism or, more precisely, John Lawism pure and simple.
