Atlantic city Quote by Bruce Caldwell

““Those concessions might also explain why Keynes responded to the book as he did, a response that might surprise later generations. Keynes read it on the boat on the way to Bretton Woods, and on arriving in Atlantic City sent a letter saying that it was a “grand book” and that “morally and philosophically I find myself in agreement with virtually the whole of it; and not only in agreement with it, but in a deeply moved agreement” (Keynes to Hayek, June 28, 1944, quoted in Keynes 1980b, 385). Keynes went on to say that they would probably disagree on the question of where to draw the line regarding more or less intervention. Keynes thought that almost certainly more planning was necessary, which could be carried out safely if the lead- ers were “rightly orientated in their own minds and hearts to the moral is- sue” (Keynes 1980b, 387). So there were obvious differences between them. But the general sentiment expressed underlines once again the fact that in the context of their times and especially with respect to central planning and the men of science who advocated such a path for Britain, Keynes and Hayek were on the same side.””

— Bruce Caldwell