Corpus ID: 157863661

On Keynes and Capital Flight

  title={On Keynes and Capital Flight},
  author={J. Crotty},
  • J. Crotty
  • Published 1983
  • Economics
  • IN THE CONCLUSION of his ambitious reassessment of Keynes' General Theory in the March 1981 issue of this journal, Allan Meltzer points out what he believes to be a "puzzling aspect" of Keynes' analysis (p. 62). Keynes expressed his hope in the General Theory and elsewhere that the pure interest rate could be driven to zero within one generation, approximately. To bring about the "euthanasia of the rentier," Keynes proposed that the stock of capital be increased through "state management of… CONTINUE READING
    49 Citations


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