Keynes himself was a Liberal party member

Evidence

On p. 34 he divides the world into “liberals and Keynesians,” apparently overlooking the fact that Keynes was a Liberal, as was, for instance, also James Meade. On p. 37, discussing “spiralling wage costs,” he appears unaware that the price level fell in the 1930s and that developments in industrial structure led to a demand for more highly skilled labor, which would command higher wages. — Philip Mirowski & Dieter Plehwe (eds.), The Road from Mont Pèlerin, 493

Categorization

• DEFINE: Clarifies that ‘Liberal’ in the British partisan sense was compatible with Keynesian economics — the dichotomy ‘liberals vs. Keynesians’ is a false one.
• XREF: connects to: LSE’s leading liberal drafted the wartime framework that became Keynesian management — Philip Mirowski & Dieter Plehwe (eds.), The Road from Mont Pèlerin: The Making…, 376; Britain’s welfare state was a Liberal, not Labour, innovation — Philip Mirowski & Dieter Plehwe (eds.), The Road from Mont Pèlerin: The Making…, 393; Interwar British liberalism re-founded itself on economics rather than politics — Philip Mirowski & Dieter Plehwe (eds.), The Road from Mont Pèlerin: The Making…, 395

Broader Connections

• Interwar British liberalism re-founded itself on economics rather than politics #qualifies (0.72) — Philip Mirowski & Dieter Plehwe (eds.), The Road from Mont Pèlerin, 395