Jump to ContentJump to Main Navigation
Revisiting KeynesEconomic Possibilities for Our Grandchildren$
Users without a subscription are not able to see the full content.

Lorenzo Pecchi and Gustavo Piga

Print publication date: 2008

Print ISBN-13: 9780262162494

Published to MIT Press Scholarship Online: August 2013

DOI: 10.7551/mitpress/9780262162494.001.0001

Show Summary Details
Page of

PRINTED FROM MIT PRESS SCHOLARSHIP ONLINE (www.mitpress.universitypressscholarship.com). (c) Copyright The MIT Press, 2022. All Rights Reserved. An individual user may print out a PDF of a single chapter of a monograph in MITSO for personal use.date: 26 June 2022

Corporatism and Keynes: His Philosophy of Growth

Corporatism and Keynes: His Philosophy of Growth

Chapter:
(p.94) (p.95) 5 Corporatism and Keynes: His Philosophy of Growth
Source:
Revisiting Keynes
Author(s):

Edmund S. Phelps

Publisher:
The MIT Press
DOI:10.7551/mitpress/9780262162494.003.0006

This chapter focuses its discussion on Keynes’s early “corporatist” dissatisfaction with the market—a dissatisfaction that ran deeper than the Pigovian critique of laissez faire, later known as the “free market” system. In today’s world, a predominantly capitalist economy means a private-ownership system marked by great openness to the new commercial ideas and the personal knowledge of private entrepreneurs and by great pluralism in the private knowledge and idiosyncratic views among the wealth-owners and financiers who select the ideas to which to provide capital and incentives for their development. On the other hand, a corporatist economy today is a private-ownership system with some contrasting features; it is pervaded with most or all of the economic institutions created or built up by the system called corporatavismo that arose in interwar Italy.

Keywords:   corporatist dissatisfaction, Keynes, Pigovian critique, laissez faire, free market system, capitalist economy, corporatist economy, private-ownership system, corporatavismo, interwar Italy

MIT Press Scholarship Online requires a subscription or purchase to access the full text of books within the service. Public users can however freely search the site and view the abstracts and keywords for each book and chapter.

Please, subscribe or login to access full text content.

If you think you should have access to this title, please contact your librarian.

To troubleshoot, please check our FAQs, and if you can't find the answer there, please contact us.