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About this quote

What does it mean?
A widespread consensus that Keynesian policies are now universally accepted.
In plain terms
Everyone now agrees with Keynesian economic ideas.
What can you take from it?
Keynesian economics became mainstream.

Where it applies

  • historical review
  • economic policy debates

Putting it to work

  • study policy evolution
  • assess consensus validity

Questions to consider

  • Who is a Keynesian?
  • Is the consensus accurate?

Another view

Keynesian policies are not universally applied or accepted.

More from John Maynard Keynes

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  3. Why does Camelot lie in ruins? Intellectual error of monumental proportion has been made, and not exclusively by the politicians. Error also lies squarely with…

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