The End of Laissez-Faire

  • John Maynard Keynes


The disposition towards public affairs, which we conveniently sum up as individualism and laissez-faire, drew its sustenance from many different rivulets of thought and springs of feeling. For more than a hundred years our philosophers ruled us because, by a miracle, they nearly all agreed or seemed to agree on this one thing. We do not dance even yet to a new tune. But a change is in the air. We hear but indistinctly what were once the clearest and most distinguishable voices which have ever instructed political mankind. The orchestra of diverse instruments, the chorus of articulate sound, is receding at last into the distance.


Political Economy Free Competition Private Profit Frontal Attack Natural Liberty 


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© The Royal Economic Society 2010

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  • John Maynard Keynes

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