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==Keynesian economics==

==Keynesian economics==

Perkins commented that, "Combined with the relief program and with public works," the the National Recovery Administration (NRA), the centerpiece of the New Deal, "constituted an effective demonstration of the theories which John Maynard Keynes had been preaching and urging upon the English government," adding:

Perkins commented that, "Combined with the relief program and with public works," the the National Recovery Administration (NRA), the centerpiece of the New Deal, "constituted an effective demonstration of the theories which John Maynard Keynes had been preaching and urging upon the English government," adding:

{{cquote|[Keynes] pointed out that the combination of relief, public works, raising wages by NRA codes, distributing moneys to farmers under agricultural adjustment, was doing exactly what his theory would indicate as correct procedure. He was full of faith that we in the United States would prove to the world that this was the answer.<ref>Frances Perkins, ''[http://books.google.com/books?id=AIEhAAAAMAAJ The Roosevelt I Knew]'' (The Viking press, 1946) p. 225</ref>}}http://azgop.org/congresswoman-ann-kirkpatrick-flies-mexican-flag-in-parade/

{{cquote|[Keynes] pointed out that the combination of relief, public works, raising wages by NRA codes, distributing moneys to farmers under agricultural adjustment, was doing exactly what his theory would indicate as correct procedure. He was full of faith that we in the United States would prove to the world that this was the answer.<ref>Frances Perkins, ''[http://books.google.com/books?id=AIEhAAAAMAAJ The Roosevelt I Knew]'' (The Viking press, 1946) p. 225</ref>}}

Keynes had long been sympathetic to corporatist ideas. According to James R. Crotty, Professor Emeritus of Economics and Sheridan Scholar at the  University of Massachusetts Amherst:

Keynes had long been sympathetic to corporatist ideas. According to James R. Crotty, Professor Emeritus of Economics and Sheridan Scholar at the  University of Massachusetts Amherst: