On p. 34 he divides the world into “liberals and Keynesians,” apparently overlooking the fact that Keynes was a Liberal, as was, for instance, also James Meade. On p. 37, discussing “spiralling wage costs,” he appears unaware that the price level fell in the 1930s and that developments in industrial structure led to a demand for more highly skilled labor, which would command higher wages.

Philip Mirowski & Dieter Plehwe (eds.), The Road from Mont Pèlerin, loc. 493