Bill Mitchell – Keynes on national self-sufficiency

One of the emerging discussions is what will the post-coronavirus world look like both within nations and across nations. There is a growing thread about the worries of increased state authoritarianism as governments have imposed an array of restrictions. There is also an increasing debate about the need for nations to return to enhanced national self-sufficiency to avoid the disruptions in the global supply chain that the pandemic has created. In 1933, John Maynard Keynes gave a very interesting lecture on this topic in Dublin. In this blog post, Bill Mitchell considers that lecture and assess its currency in the contemporary setting.

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