Ropke: One of the Great Intellectual Ruiners of History

“Much has contributed to the undermining of the respect for money and its value. Immeasurable damage has been done, above all, by that revolution in economic theory whose disastrous effects we have already stressed. Its destructive work can hardly be undone now, but we are at least entitled to expect repentance and frank confession. Let us hope that the time will soon come when Keynes, to use one of Jacob Burckhardt’s expressions, will be recognized as one of the great intellectual ruiners of history – like Rousseau and Marx.”

– Wilhem Röpke, A Humane Economy (p. 219)


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