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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.

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

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More quotes by Robert Skidelsky, Baron Skidelsky

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

John Maynard Keynes: The Return of the Master (2009)

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)

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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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.

John Maynard Keynes: The Return of the Master (2009)

Keynes's idea was very simple. Monetary and fiscal policy should have a single goal, jointly pursued, of maintaining a full employment level aggregate demand.

John Maynard Keynes: The Return of the Master (2009)

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