Keynes declared in 1924 that laissez-faire was coming to an end

Evidence

In the late fall of 1924, John Maynard Keynes strode into the Examination Schools in Oxford and announced that the po liti cal economy of the civilized world was approaching, as his lecture title boldly proclaimed, the end of laissezfaire. … Now he was turning his attention to the development of a coherent theory of po liti cal economy to supplant the fading doctrines of the preceding century. … “We do not dance even yet to a new tune,” he told the attendees. “But change is in the air.” — Angus Burgin, The Great Persuasion, 10

Categorization

• XREF: connects to: Keynesianism converted interwar resistance to finance into postwar stability. — Max Haiven, Cultures of Financialization, 511; Marxism degenerated into economism by fusing with laissez-faire liberalism — Antonio Gramsci, Selections from the Prison Notebooks, 709; Keynes held laissez-faire a popular distortion absent from Smith, Ricardo, and Malthus — Angus Burgin, The Great Persuasion: Reinventing Free…, 11

Broader Connections

• Keynesianism converted interwar resistance to finance into postwar stability. #expands (0.78) — Max Haiven, Cultures of Financialization, 511
• Marxism degenerated into economism by fusing with laissez-faire liberalism #complicates (0.75) — Antonio Gramsci, Selections from the Prison Notebooks, 709