Daily Archives: July 2, 2012

The Mixed Economy Manifesto – Part 4

By Michael Hoexter, Ph.D. 

[Part 1 is posted here; Part 2 is posted here; Part 3 is posted here] 

The Anti-Keynes Revolt

Against the Keynesian consensus of the WWII era and afterwards, there remained marginalized economic schools that held to ideal notions about markets and remained convinced that a reliance on government was tantamount to a “Road to Serfdom” and ultimately led to Communism.  The core of the neoliberal campaign, gathered around the Mt. Pelerin Society founded by economist/social philosopher Friedrich von Hayek, denied that government management of capitalism’s excesses was needed and that the price system and the market were pure, self-regulating entities which bring maximum prosperity and liberate the individual.   Continue reading