Keynes endorsed depoliticizing economic policy into a semiautonomous body

Evidence

Keynes agreed heartily. He wrote: “My own view is in complete accord with that of Mr. Hawtrey, that this activity is one which should be pursued by a semiautonomous body not subject to political interference in its daily work” (“Discussion by Prof. J. M. Keynes from the Chair,” in Hawtrey 1925a, 244). Th e common ambition was impeccable: the economic sector must be depoliticized. — Clara E. Mattei, The Capital Order, 1015

Categorization

  • XREF: Complicates the popular image of Keynes as the democratic, active-fiscal-policy economist — connects to the reader’s wider austerity/neoliberalism framework.