“Fascism entirely agrees with Mr. Maynard Keynes”

— Benito Mussolini

As quoted from Mussolini's review of Keynes' new book in Universal Aspects of Fascism, James Strachey Barnes, Williams and Norgate, London: UK, (1928) pp. 113-114
Context: Fascism entirely agrees with Mr. Maynard Keynes, despite the latter's prominent position as a Liberal. In fact, Mr. Keynes' excellent little book, The End of Laissez-Faire (1926) might, so far as it goes, serve as a useful introduction to fascist economics. There is scarcely anything to object to in it and there is much to applaud.

Adopted from Wikiquote. Last update May 22, 2020. History

Help us to complete the source, original and additional information

Do you have more details about the quote "Fascism entirely agrees with Mr. Maynard Keynes" by Benito Mussolini?

Benito Mussolini photo

Benito Mussolini 127

Duce and President of the Council of Ministers of Italy. Le… 1883–1945

Related quotes

“Indeed, Paul’s capacity for irreverence and wit is true to the John Maynard Keynes maxim: "Words ought to be a little wild, for they are the assault of thoughts on the unthinking"”

Michael Szenberg (1934) American economist

6.Paul Samuelson is Piercingly Witty.
Ten Ways to Know Paul A. Samuelson (2006)

“From Adam Smith through John Maynard Keynes, economics had been mostly talk. At Harvard economics was talk. At MIT, Samuelson made it math.”

William Poundstone (1955) American writer

Part Three, Arbitrage, Paul Samuelson, p. 117
Fortune's Formula (2005)

“In July 1944, at the Mount Washington Hotel in the resort town of Bretton Woods in the White Mountains of New Hampshire, John Maynard Keynes and Harry Dexter White created the New World Order.”

Patrick Buchanan (1938) American politician and commentator

2000s, Where the Right Went Wrong (2004)

“Following the financial crisis of September 2008 when the American investment bank Lehman Brothers collapsed, threatening to engulf the entire banking system, the British economist John Maynard Keynes returned to center stage. In the popular press and in the writings of many economists, Keynes featured prominently as governments around the world urgently sought ways to avoid economic collapse. (…) After only a brief delay, critics of Keynes’s ideas also began to appear; but the emergence of such critics only served to emphasize the fact of his return, for only a few years earlier Keynes’s name would not even have appeared in public debate about economic policy: his ideas were seen as having so little relevance that it did not even seem necessary to mention his name when discussing the performance of the economy.”

Roger Backhouse (economist) (1951) British economist

Roger E. Backhouse and Bradley W. Bateman, ch.1 "Keynes Returns, but Which Keynes?" Capitalist revolutionary : John Maynard Keynes (2011).

“If you were going to turn to only one economist to understand the problems facing the economy, there is little doubt that the economist would be John Maynard Keynes. Although Keynes died more than a half-century ago, his diagnosis of recessions and depressions remains the foundation of modern macroeconomics. His insights go a long way toward explaining the challenges we now confront.”

N. Gregory Mankiw (1958) American economist

N. Gregory Mankiw, "What Would Keynes Have Done?" in New York Times (November 28, 2008).
2000s -

“Thanks to the work of John Maynard Keynes and of Milton Friedman, we now have a better understanding of how governments can (at least in principle) reduce the severity of major economic downturns. Keynesian economics taught us that government spending can raise GDP and reduce unemployment.”

Martin Feldstein (1939–2019) American economist

"Economic Conditions and U.S. National Security in the 1930s and Today" (2009).

“John Maynard Keynes may have had more influence on policy makers, Milton Friedman on citizens, Kenneth Arrow on economic theory, but Samuelson had more influence on the way economics is done today, and the purposes to which it is put, than any other economist of the twentieth century.”

David Warsh (1944) American journalist

David Warsh, "The Enormous Black Box" http://www.economicprincipals.com/issues/2009.12.13/841.html (2009)

“One of the most important skills of the economist, therefore, is that of simplification of the model. Two important methods of simplification have been developed by economists. One is the method of partial equilibrium analysis (or microeconomics), generally associated with the name of Alfred Marshall and the other is the method of aggregation (or macro-economics), associated with the name of John Maynard Keynes.”

Kenneth E. Boulding (1910–1993) British-American economist

Source: 1950s, The Skills of the Economist, 1958, p. 19

“We are entitled to be disappointed, but not to be surprised, by the persistence of governmental intervention in economic life. A school of thought attributes great influence to public opinion in the movements toward or away from laissez-faire. Among the many members of this school one may mention Albert Venn Dicey, John Maynard Keynes, and Milton Friedman.”

George Stigler (1911–1991) American economist

"The Effect of Government on Economic Efficiency." 1988

“I asked John Maynard Smith, one of the first people to pose the question 'Why sex?', whether he still thought some new explanation was needed. 'No. We have the answers. We cannot agree on them, that is all.”

Matt Ridley (1958) economist

Source: The Red Queen (1993), Ch. 2. The Enigma