Keynes and Socialism, 10th Jan., 2011.

According to Austin Robinson of the Royal Economic Society:

He had made himself rich, it is true, in a Liberal world; but he had nothing to fear in Socialism; he would have been a perfectly loyal, happy and financially care-free Governor of the Bank and the Fund, or whatever might come his way, in a Socialist world or in any other. His objectives were included in their objectives. His political Liberalism was seldom obtruded in later life. I do not know (and I doubt if anyone knows) what his final views would have been upon the present moves towards nationalisation. Neither, I suspect, wholly unfavourable nor wholly favourable. Yet it was natural to him, in trying to make a framework within which the world economic system might develop, to think of it in the essentially Liberal terms of markets and prices and discounts and borrowing rates. And when the General Theory was interpreted as an argument for closing national economic systems, or his pupils expressed scepticism whether interest rates could ever provide a wholly perfect and effective working link between the volume of saving and the volume of investment in full employment, Keynes' fundamental belief in the Liberal economy was apt to find itself in conflict with his passionate care for his objectives.