Employment Policies, 14th Jan., 2011.

Jacques Rueff, a student of Ludwig von Mises and Financial Minister of France, wrote an article on the dominance of Keynesian thought in the West.

[T]he new theory has not merely a philosophical significance. It leads to rules of action, notably in the struggle against the chief malady of modern society - chronic unemployment. Indeed, it is this aspect of it - the doctrine of "full employment" - that has been most influential. Explaining the evil and providing the means of curing it, it has brought great comfort to the world. As a remedy for unemployment, it quickly expanded beyond economic science to become an instrument of government. It has led to the publication of white papers in England and Canada and to a proposed law in the United States, the Murray Full-Employment Bill, which undertake to bind governments to its prescriptions. The new French constitution obliges the government to present each year "a national economic plan designed to provide full employment of labor and the rational utilization of material resources." The Economic Committee of the United Nations is called "Committee on Economic Questions and Employment." Finally, the International Conference which is to deal with the problem of international trade and whose first session was held in London in October-November, 1946, is the Conference on Commerce and Employment.