Offering a view of the other side of the liquidity-issue, the paper elaborates on the concept of “ fear of goods”
in Keynes’s thought. It therefore illustrates numerous evidences of “fear of goods” in his economics , and aims to show that the
notion might be considered as playing a quite important role as organising concept, helping to establish connections between
ideas that are apparently only weakly related. The article fosters an interpretation of the development of Keynes’s
theoretical arguments and proposed policy instruments for both domestic and global economy, as reactions to the “fear of goods” of capitalism,
which Keynes saw as an inborn propensity of monetary economies of production.