Which of the following is the best interpretation of Keynes' statement that in capitalism the most wicked men do "the most wickedest of things for the greatest good of everyone"?
A)Evil people become benevolent as a result of living in a capitalistic system.
B)The aggregate effect of selfish acts in an open market creates virtue.
C)The aggregate effect of unselfish acts in a closed market with a planned economy creates economic prosperity.
D)The aggregate effect of selfish acts in an open market creates economic prosperity.

Question

Quizplus · Accepted Answer

Keynes argues that even though selfish individuals may do wicked things in pursuing their own interests in a capitalist system, the overall effect of their actions leads to economic prosperity for society as a whole. This interpretation aligns with the idea of the "invisible hand" in economics, which suggests that the pursuit of self-interest can lead to positive outcomes for society as a whole.

Which of the Following Is the Best Interpretation of Keynes