ABSTRACT
This chapter examines Keynes' objections to certain features of capitalism and assess their historical significance. It tries to place the revolution in its historical and social context, to see it as a reflection of the development of the economy. The viewpoint there was nothing 'progressive' about Keynes' ideas, despite the efforts of more radical followers in the post-war years to present them. Marxism, historical materialism, insists that ideas are, a reflection of the social relations of production. Keynes was not critical of the capitalist economic system as such, but he did call into question certain features of the system the presented themselves in the twentieth century. Laissez-Faire as an economic doctrine, were under considerable challenge before The General Theory appeared and that in the respect Keynes was giving expression, albeit a somewhat extreme one, to a definite trend in economic thought.
