"Managing the economy" is not what Keynesianism is really about. It's about correcting a specific flaw in capitalist economies (the existence of multiple ineffi

"Managing the economy" is not what Keynesianism is really about. It's about correcting a specific flaw in capitalist economies (the existence of multiple inefficient equilibrium positions). The idea is that once you correct that specific flaw, the economy will run itself better. To look at it another way: Keynes argued that no one can manage the market, including the market itself. But that doesn't mean it can't be managed better than it is.