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Journal Articles Defence and Peace Economics Year : 2008

The fight of a 'citizen economist' for peace and prosperity


John Maynard Keynes was a citizen economist, anxious to defend a capitalist system threatened by the rise of totalitarianism during the inter‐war period. His criticism of the Versailles treaty in 1919 was supported by the idea of a link between economic prosperity and international peace. During the crisis of the 1930s, he advocated using the League of Nations for a peaceful settlement of international conflicts; while being in favour of economic interventionism, he criticised mercantilist policies. He recognised that military expenditure may be used as a reflationary policy, but after 1945 his theory was misused to promote the development of a ‘defence‐based’ economic policy.
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hal-01044927 , version 1 (24-07-2014)



Renaud Bellais, Fanny Coulomb. The fight of a 'citizen economist' for peace and prosperity: Keynes and the issues of international security. Defence and Peace Economics, 2008, War and Peace Issues in the History of Economic Thought, 19 (5), pp.361-371. ⟨10.1080/10242690802354352⟩. ⟨hal-01044927⟩
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