"[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.
Saturday, February 28, 2009
The Totalitarian State
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