5 quotes
Keynes's economic philosophy is thus made up of three interdependent parts: his technical macroeconomics, his embattled political philosophy and his ultimate ethical purpose.
John Maynard Keynes: 1883-1946: Economist, Philosopher, Statesman (2003)
Keynes was an applied economist who turned to inventing theory because the theory he had inherited could not properly explain what was happening.
John Maynard Keynes: 1883-1946: Economist, Philosopher, Statesman (2003)
What started Keynes on the road to the Keynesian Revolution was the incomplete British recovery from the depression of 1920 to 1922.
John Maynard Keynes: 1883-1946: Economist, Philosopher, Statesman (2003)
It was his sense of the precariousness of capitalist civilisation which drew Keynes to monetary policy. Instability in the value of money was undermining the social contract on which capitalism was based.
John Maynard Keynes: 1883-1946: Economist, Philosopher, Statesman (2003)
Like Odysseus, Keynes was a successful, not a tragic, hero. He heard the beautiful singing of the Sirens, but took precautions against being shipwrecked, keeping to the course for which his talents and the state of the world predestined him. Artfully, he strove for the best of all worlds, in his life and his work, and miraculously, came close to achieving it.
John Maynard Keynes: 1883-1946: Economist, Philosopher, Statesman (2003)