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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.

— Robert Skidelsky, Baron Skidelsky John Maynard Keynes: 1883-1946: Economist, Philosopher, Statesman (2003)

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Keynes is not just for the foxhole, but for the emerging world order.

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Keynes's economic philosophy is thus made up of three interdependent parts: his technical macroeconomics, his embattled political philosophy and his ultimate ethical purpose.

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In ethics Keynes was a Platonist, in politics he was an Aristotelian. His ethics pointed him towards the ideal; his politics towards moderation.

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Keynes was an applied economist who turned to inventing theory because the theory he had inherited could not properly explain what was happening.

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All epoch-defining events are the result of conjunctures - the correlation of normally unconnected happenings which jolts humanity out of its existing rut and sets it on a new course.

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