ABSTRACT

In the last chapter of his masterwork, The General Theory of Employment, Interest and Money, John Maynard Keynes said, ‘The outstanding faults of the economic society in which we live are its failure to provide full employment and its arbitrary and inequitable distribution of income’ (1936:372). Sixty-one years later, not only are Keynes’s words still true of our economy, but they also reflect Dan Fusfeld’s major concern throughout his long and creative academic careerachieving a just and humane economic order. No such order is possible without productive jobs for all persons seeking work, and far less concentration in the distribution of both income and wealth in our society than now exists.