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For a rebuttal to the critiques of excess found here, I recommend Mandeville's The Fable of the Bees (which Keynes references in the General Theory). https://e
by hcmacro 4y ago
For a rebuttal to the critiques of excess found here, I recommend Mandeville's The Fable of the Bees (which Keynes references in the General Theory).
https://en.wikipedia.org/wiki/The_Fable_of_the_Bees https://en.wikipedia.org/wiki/The_Fable_of_the_Bees
I do think it's worth contextualizing such debates about vice and virtue in the politics of the time. Court-favorites like the Duke of Marlborough (whom Mandeville defends here) using war to enrich themselves. Naturally this irked wealthy gentry who loathed the associated taxes and had rival commercial interests.