SOURCE: "The Social Philosophy of John Maynard Keynes," in Annals of Collective Economy, Vol. XXXIV, No. 4, October-December, 1963, pp. 1-33.
In the following excerpt, which is a translation of chapter five from his study L'oeuvre de John Maynard Keynes, Lambert provides a chronological study of Keynes's writings, portraying the economist as the founder of a "new liberalism" that sought to reconcile the individualistic spirit of capitalism with the need for government intervention to ensure full employment.
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