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Keynes and the Contemporary Predicament

Victoria University
Publication Date
  • 340000 Economics
  • Centre For Strategic Economic Studies (Cses)
  • Economics
  • Political Science


Prevailing approaches to policy issues in many Western countries in recent decades have reflected a characteristic cost of mind - neoclassical in economics, liberal and individualistic in politics, value neutral and universalistic in policy. This paper analyses some of the foundations of this cast of mind, deep-seated in Western intellectual history, and reviews work in several different areas pointing to a strikingly different paradigm. This analysis is set in the context of the rise of Asian nations with quite different diverse traditions, and the consequent need for effective interchange across cultural barriers.

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