In virtually all spheres, whether in philosophy, economics or politics, Keynes is typically an exponent of a ‘middle way’.2 This is the natural response of one caught in the force field between competing claims, of one perceiving value and truth in both sides but finding neither compelling or adequate. It could hardly have been otherwise. His philosophy of rationality contains the injunction to consider all the information available and to weigh the unfavourable with the favourable before arriving at rational degrees of belief. When the underlying notion of reason is that of striking a balance, it is not surprising that the pointer of judgement comes to rest somewhere in between.3
KeywordsPrivate Capitalism Middle Path Rational Degree State Regulate Environ Violent Change
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