Keynes at Bay

Keynesianism : Retrospect and Prospect, by W. H. Hutt. Regnery, $7.50

A true revolution, with or without blood and tears, means what Nietzsche has called the “revaluation of values,” an outright break with basic standards and traditions. That is what has happened in the economic thinking and economic policies of this generation. Keynesianism is the name of the revolutionary ideology that clothes with academic dignity the perversion of the common sense embodied in classical economics.