ABSTRACT
One of the more remarkable propositions of Keynes’s General Theory is that capitalism without property income is possible. In the opening sentences of the final chapter, two key economic defects of liberal capitalist society are proposed:
The outstanding faults of the economic society in which we live are its failure to provide for full employment and its arbitrary and inequitable distribution of wealth and incomes. The bearing of the foregoing theory on the first of these is obvious. But there are also two important respects in which it is relevant to the second.
