Synopsis The choice of such defining characteristics is however, far from being “value-free”, although on the surface it seems to express a self-evident truth: namely that capitalism and the investment of private capital are linked together.

This is why it becomes possible for a Keynes in the challenging circumstances of the General Crisis and in its aftermath, to produce some partial scientific results within the boundaries of his overall approach, notwithstanding his total identification with the standpoint of capital as we have seen above. As a general theory and “refutation” of the Marxian approach, his system is devoid of other than purely apologetic foundation.