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John Keynes and Karl Marx are two of the most influential and notorious economists of our time Their views on the economy are very different Marx was a radical communist while Keynes was a Capitalist and a brilliant intellectual Their views stem from their upbringing Marx was born into a Jewish middle class family and Keynes was born into a comfortable English social class that considered itself born to rule Their writings brought their beliefs about the economy lead them into the public eye Marx wrote the Communist Manifesto and Das Kapital Both writings sought social upheaval and attacked the capitalist system Keynes writings include The Economic Consequences of the Peace and The General Theory which revolutionized the way the world thinks about economic problems Marx and Keynes views were and remain widely acknowledged to economists throughout the world through their writingsJohn Keynes thought there was no necessity for public or government ownership Instead he believed that government action was essential Rather than government ownership Keynes supported private ownership of the means of production Karl Marx identified private productive property as the real source of evil He believed that possession of economic resources gave power to the owners who then oppressed the workers who have only their labor to sell He believed that ownership of capital forces human beings into unequal relationships as capitalists and laborers Marx concluded that envy greed and personal ego are direct outcomes of private propertyKeynes dwelt on the overall economy rather than individual markets He did not direct his attention to what should be produced and how but did speculate about the possibility that relative scarcity would cease to be a problem Keynes considered that one day the world would be free from its fixation with want Marx was far more candid on this issue of resource allocation The increasing misery and unemployment for workers and falling profits for capitalists meant to Marx that the system had to be destroyed
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