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Bill Dunn

historic Liberalism had run its course’ (O’Donnell 1989 : 320). Keynes now advocates a broader alliance of ‘progressive forces’, which he identified in both the Liberal and Labour parties but also beyond. He finds in the Mosley of 1930 a particularly attractive combination of ‘British socialism, bred out of liberal humanitarianism, big business psychology, and the tradition of public service’ (O’Donnell 1989 : 323). By 1934, the Liberal Party ‘lay in ruins’ and Keynes refused to provide financial support in the following year’s election when for the first and only time

in Keynes and Marx