KEYNESIAN METHODOLOGY, SOCIAL PHILOSOPHY AND UTOPIAN CAPITALISM

Introduction In addition to his economic analysis, a key component of Keynes's intellectual legacy is his methodology, derived from the fusion of social philosophy and vision with politics, public policy concerns and economic analysis, which he employed to offer a solution to the most fundamental and pressing problems of his time. In effect, such a methodology constitutes, in spite of Keynes's opposition to classical economics, a rediscovery, and adaptation of the one used by the classical school of political economy, which had been abandoned as a consequence of the onslaught of the “neo‐classical” revolution in the late 1800s with its strict focus on “scientific” or positive economics.