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" It is not true that individuals possess a prescriptive "natural liberty" in their economic activities. There is no "compact" conferring perpetual rights on those who Have or on those who Acquire. "
The Economic Journal: The Quarterly Journal of the Royal Economic Society - Page 435
1926
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Ideology and Social Welfare

Victor George, Paul Wilding - Medical - 1985 - 190 pages
...and should not intervene.'36 Keynes was a fierce critic of laissez-faire. 'It is not true', he wrote, 'that individuals possess a prescriptive "natural...compact conferring perpetual rights on those who Have or those who Acquire. The world is not so governed from above that private and social interest always...
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Essays in Social Value Theory: A Neoinstitutionalist Contribution

Marc R. Tool - Business & Economics - 1986 - 230 pages
...or general principles upon which, from time to time, laissez-faire has been founded. It is not true that individuals possess a prescriptive natural liberty...and social interest always coincide. . . . It is not a correct deduction from the Principles of Economics that enlightened selfinterest always operates...
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Economic Philosophy and American Problems: Classical Mechanism, Marxist ...

Floyd B. McFarland - Business & Economics - 1991 - 252 pages
...or general principles upon which, from time to time, laissez-faire has been founded. It is not true that individuals possess a prescriptive "natural liberty"...not so governed from above that private and social interests always coincide. It is not so managed here below that in practice they coincide. It is not...
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The Gay]grey Moose: Essays on the Ecologies and Mythologies of Canadian ...

D. M. R. Bentley - Literary Collections - 1992 - 341 pages
...central to Neo-Conservatism : "It is not true that individuals possess a prescriptive 'national library' in their economic activities. There is no 'compact' conferring perpetual rights on those who Have or those who Acquire. The world is not so governed from above that private and social interest always...
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John Maynard Keynes, Critical Assessment: Second series

John Cunningham Wood - Biography & Autobiography - 1994 - 606 pages
...or general principles upon which, from time to time, laissez-faire has been founded. It is not true that individuals possess a prescriptive "natural liberty"...not so governed from above that private and social interests always coincide. It is not so managed here below that in practice they coincide. It is not...
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Biography of an Idea: John Maynard Keynes and the General Theory of ...

David Felix - Economic history - 1995 - 300 pages
...days are largely ignorant [of] why we feel such a strong bias in favor of laissez-faire." He insisted, "The world is not so governed from above that private and social interest always coincide."64 He arrived at his positive formulation: social control together with an irreducibly individualistic...
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John Maynard Keynes: Critical Responses, Volume 2

Charles Robert McCann - Keynesian economics - 1998 - 342 pages
...metaphysical or general principles upon which . . . laissez-faire has been founded. It is not true that individuals possess a prescriptive "natural liberty"..."compact" conferring perpetual rights on those who Have or those who Acquire. The world is not so governed from above that private and social interest always...
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Modernity: Modern systems

Malcolm Waters - Civilization, Modern - 1999 - 536 pages
...entitled "The End of LaissezFaire," Keynes first debunks the orthodox claims of liberalism: It is not true that individuals possess a prescriptive "natural liberty"..."compact" conferring perpetual rights on those who Have or those who Acquire. The world is not so governed from above that private and social interest always...
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Microeconomic Issues Today: Alternative Approaches

Robert Barry Carson, Wade L. Thomas, Jason Hecht - Business & Economics - 2002 - 206 pages
...directly assaulted the philosophy that set the individual over society. Keynes argued: It is not true that individuals possess a prescriptive "natural liberty"...private and social interest always coincide. It is not a correct deduction from the Principles of Economics that enlightened self-interest always operates...
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Economics as Ideology: Keynes, Laski, Hayek, and the Creation of ...

Kenneth R. Hoover - Biography & Autobiography - 2003 - 362 pages
...or general principles upon which, from time to time, laissez-faire has been founded. It is not true that individuals possess a prescriptive "natural liberty"...rights on those who Have or on those who Acquire. So much for any natural-rights basis for laissez-faire — or for an inviolable right to private property....
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