Saturday, February 28, 2009

The Totalitarian State

"[T]he theory of output as a whole, which is what the following book purports to provide, is much more easily adapted to the conditions of a totalitarian state, than is the theory of production and distribution of a given output produced under the conditions of free competition and a large measure of laissez-faire."

John Maynard Keynes, in the forward to the 1936 German edition of his General Theory.

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