ABSTRACT
This chapter provides convincing evidence to support the claim that The General Theory repeatedly explains John Maynard Keynes’s radical policy views. It discusses possible policies to reduce or eliminate the deleterious impact of excessive financial market volatility on the capital investment decision and on income and employment. The fact that Keynes even considered such a radical policy prescription reflected the depth of his concern with casino capitalism in the USA and elsewhere. Keynes presented his preferred policy solution to both excessive instability and secular stagnation problems. It is a radical solution that reflected his long-held belief that this problem was so deeply rooted in modern capitalism that no normal set of market regulations would be capable of resolving it. Keynes fully understood that his policy regime constituted a direct attack on the existence of the economic and politically powerful rentier class.
