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John Maynard Keynes died in 1946 but his ideas and his example remain relevant today. In this distinctive new account, Peter Clarke shows how Keynes's own career was not simply that of an academic economist, nor that of a modern policy advisor. Though rightly credited for reshaping economic theory, Keynes's influence was more broadly based and is assessed here in a rounded historical, political and cultural context. Peter Clarke re-examines the full trajectory of Keynes's public career from his role in Paris over the Versailles Treaty to Bretton Woods. He reveals how Keynes's insights as an economic theorist were rooted in his wider intellectual and cultural milieu including Bloomsbury and his friendship with Virginia Woolf as well as his involvement in government business. Keynes in Action uncovers a much more pragmatic Keynes whose concept of 'truth' needs to be interpreted in tension with an acknowledgement of 'expediency' in implementing public policy.

Economists --- Keynes, John Maynard, --- Great Britain --- Economic policy --- Keynes, J. Maynard --- Keynes, J.M.

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Keynesian economics. --- Keynes, John Maynard, --- Post-Keynesian economics --- Schools of economics --- Keynes, J. Maynard --- Keynes, J.M.

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This volume, with its companion, Volume 13, provides all the surviving letters, drafts and articles arising from Keynes's work as a monetary economist between 1924 and 1939. It contains wherever possible both sides of all correspondence concerning his Treatise on Money and General Theory, both before and after publication, as well as complete texts of all surviving drafts of both works. In addition it contains important correspondence concerning D. H. Robertson's Banking Policy and the Price Level and such post-General Theory contributors as R. F. Harrod's first work on the theory of economic growth. As such, it provides a remarkable chronicle of one man's intellectual development over the quarter of a century that saw a revolution in economics.

Keynesian economics. --- Monetary policy. --- Monetary management --- Economic policy --- Currency boards --- Money supply --- Post-Keynesian economics --- Schools of economics --- Keynes, John Maynard, --- Keynes, J. Maynard --- Keynes, J.M.

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Keynesian economics --- 330.47 --- AA / International- internationaal --- Post-Keynesian economics --- Schools of economics --- Keynes en zijn school --- Keynes, John Maynard --- Keynes, J. Maynard --- Keynes, J.M.

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"The Great Recession of 2008 restored John Maynard Keynes to prominence. After decades when the Keynesian revolution seemed to have been forgotten, the great British theorist was suddenly everywhere. The New York Times asked, "What would Keynes have done?" The Financial Times wrote of "the undeniable shift to Keynes." Le Monde pronounced the economic collapse Keynes's "revenge." Two years later, following bank bailouts and Tea Party fundamentalism, Keynesian principles once again seemed misguided or irrelevant to a public focused on ballooning budget deficits. In this readable account, Backhouse and Bateman elaborate the misinformation and caricature that have led to Keynes's repeated resurrection and interment since his death in 1946. Keynes's engagement with social and moral philosophy and his membership in the Bloomsbury Group of artists and writers helped to shape his manner of theorizing. Though trained as a mathematician, he designed models based on how specific kinds of people (such as investors and consumers) actually behave -- an approach that runs counter to the idealized agents favored by economists at the end of the century. Keynes wanted to create a revolution in the way the world thought about economic problems, but he was more open-minded about capitalism than is commonly believed. He saw capitalism as essential to a society's well-being but also morally flawed, and he sought a corrective for its main defect: the failure to stabilize investment. Keynes's nuanced views, the authors suggest, offer an alternative to the polarized rhetoric often evoked by the word "capitalism" in today's political debates."--From the dust-jacket front flap.

Keynes, John Maynard, --- Keynesian economics --- AA / International- internationaal --- 330.47 --- Post-Keynesian economics --- Schools of economics --- Keynes en zijn school. --- Keynes en zijn school --- Keynes, John Maynard --- Keynes, J. Maynard --- Keynes, J.M. --- Economic schools