"The most insidious attack on Keynes was probably James Buchanan and Richard Wagner's book, Democracy in Deficit: The Political Legacy of Lord Keynes (1977). Buchanan and Wagner explained Keynes's entire understanding of the economy as fallacious because it was based on a naive understanding of human nature. They used the phrase "the pre-suppositions of Harvey Road," a reference to the location of Keynes's childhood home, to argue that he had a simplistic and unrealistic understanding of the economy and human nature. […] It is a noteworthy feature of Buchanan and Wagner's book that they do not investigate any of the evidence regarding Keynes's own work as a policy analyst for the British government. Their entire portrait of Keynes is a straw man built on assumptions about his work and its effects."
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Democracy in Deficit
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