11. The reception of the Keynesian Revolution Robert Skidelsky

“John Maynard Keynes.” 2015. The Famous People website. Jul 15 2015, 01:43 .

In April 1934, Woolf found her famous interlocutors acknowledging the Faustian bargain of modernity. Each enjoyed international celebrity inconceivable to previous generations of poets and economists, but they also acknowledged that the ever-increasing speed, variety, and accessibility of modern media put them in danger, as Eliot said, of “surviving their popularity.” Both described the curse of witnessing their own historical irrelevance with the same appropriately antiquated term: desuetude. Woolf found them, in other words, contemplating ends. Motivated by simultaneous midlife crises, Eliot and Keynes considered not only the legacy of their own works, but also the fragile future of their chosen fields, and a fragility yet more existential, an End upon which they had been fixated with mutually reinforcing urgency for the past two decades: the end of civilization.


DONALD WINCH is Emeritus Professor of Intellectual History at the University of Sussex; he was educated at the London School of Economics and Princeton University and has written extensively on the history of economics and the intellectual history of political economy from Adam Smith to Keynes.

Indeed the world is ruled by little else. Practical men, who believe themselves to be quite exempt from any intellectual influence, are usually the slaves of some defunct economist. Madmen in authority, who hear voices in the air, la teoria general del dinero de keynes distilling their frenzy from some academic scribbler of a few years back. I am sure that the power of vested interests is vastly exaggerated compared with the gradual encroachment of ideas.

Blinder, Alan S. “Keynesian economics.” The concise encyclopedia of economics 2.008 (2008).

Description : This volume, along with its companion volume, Methodology, Microeconomics and Keynes is published in honour of Victoria Chick, inspired by her own contributions to knowledge in all of these areas and their interconnections. It represents both consolidation and the breaking of new ground in Keynesian monetary theory and macroeconomics by leading figures in these fields.

13. What has become of the Keynesian Revolution? Joan Robinson

Description : Geoff Harcourt has had a major impact on the field of Post-Keynesian economics, not only in his research but also in his teaching. Many of Harcourts students have gone on to make valuable contributions in this field. This volume brings together contributions from thirty such former students, now established in academic institutions around the world. Their contributions focus on themes important to Harcourts work, touching upon: · history of political economy · methodology · economic theory · applied analysis This work is a valuable addition to the literature of political economy and a fitting tribute to a leading economist.

15. Keynes and the finance of the First World War N. H. Dimsdale

Description : Joseph Halevi, G. C. Harcourt, Peter Kriesler and J. W. Nevile bring together a collection of their most influential papers on post-Keynesian thought. Their work stresses the importance of the underlying institutional framework, of the economy as a historical process and, therefore, of path determinacy. In addition, their essays suggest the ultimate goal of economics is as a tool to inform policy and make the world a better place, with better being defined by an overriding concern with social justice. Volume III explores the ethics of economics.

Description : The author reviews retrospectively his developing ideas on theory and policy since he first encountered Keynes's writings in 1950. Topics covered include: Keynes now, specifically the coming back into favour of his most fundamental ideas; intellectual biographies and shorter tributes to economists; and a survey of Post-Keynesian thought.

16. J. M. Keynes at the Paris Peace Conference Howard Elcock

Essays in Biography | David Lloyd George | John Maynard Keynes

Keynes had completed his before the war, but published it in 1921. The work was a notable contribution to the philosophical and mathematical underpinnings of , championing the important view that were no more or less than intermediate between simple truth and falsity. Keynes developed the first upper-lower probabilistic approach to probability in chapters 15 and 17 of this book, as well as having developed the first decision weight approach with his conventional coefficient of risk and weight, , in chapter 26. In addition to his academic work, the 1920s saw Keynes active as a journalist selling his work internationally and working in London as a financial consultant. In 1924 Keynes wrote an obituary for his former tutor which called "the most brilliant life of a man of science I have ever read." Marshall's widow was "entranced" by the memorial, while rated it as one of Keynes's "best works".


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Schuker also shows that, in the years after Versailles, Keynes became an informal reparations adviser to the German government, wrote one of the major German reparation notes, and actually supported the hyperinflation on political grounds. Nevertheless, gained Keynes international fame, even though it also caused him to be regarded as anti-establishment – it was not until after the outbreak of the Second World War that Keynes was offered a directorship of a major British Bank, or an acceptable offer to return to government with a formal job. However, Keynes was still able to influence government policy making through his network of contacts, his published works and by serving on government committees; this included attending high-level policy meetings as a consultant.

Essays in Biography by John Maynard Keynes | …

Keynes's followers assert that his predictions of disaster were borne out when the German economy suffered the , and again by the collapse of the and the outbreak of the Second World War. However the historian claims that "most historians of the Paris peace conference now take the view that, in economic terms, the treaty was not unduly harsh on Germany and that, while obligations and damages were inevitably much stressed in the debates at Paris to satisfy electors reading the daily newspapers, the intention was quietly to give Germany substantial help towards paying her bills, and to meet many of the German objections by amendments to the way the reparations schedule was in practice carried out".