By Roger E. Backhouse, Bradley W. Bateman
John Maynard Keynes (1883-1946) used to be an important economist of the 20 th century. He used to be additionally a thinker who wrote on ethics and the speculation of likelihood and used to be a principal determine within the Bloomsbury workforce of writers and artists. during this quantity participants from quite a lot of disciplines provide new interpretations of Keynes's idea, clarify the hyperlinks among Keynes's philosophy and his economics, and position his paintings and Keynesianism - the industrial conception, the foundations of monetary coverage, and the political philosophy - of their old context. bankruptcy subject matters comprise Keynes's philosophical engagement with G. E. Moore and Franz Brentano, his correspondence, the position of his common thought within the construction of contemporary macroeconomics, and the various meanings of Keynesianism. New readers will locate this the handiest, obtainable advisor to Keynes at the moment to be had. complex scholars and experts will discover a conspectus of contemporary advancements within the interpretation of Keynes.
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Additional info for The Cambridge Companion to Keynes
Keynes believes himself to have done Cambridge Collections Online © Cambridge University Press, 2006 34 ROGER E . ) Keynes’s discussions of uncertainty have prompted others to talk of ‘postmodern moments’ in Keynes’s theory (Ruccio and Amariglio 2003: ch. This emphasizes the variety of ways in which the General Theory can be read, for although there are passages that can be read this way, there are others where Keynes appears to be arguing in just the way claimed by more mainstream Keynesians, such as the architects of the neo-classical synthesis.
Furthermore, they rest on much broader changes, both within economics and within society more generally: the role of the state was transformed by the Second World War; the political landscape in many countries was changed, as was the international environment; within economics there were important changes involving both the collection and use of statistics and in the extent to which economists used mathematical methods. Keynesian economics did not cause the ideological shift that came about after the Depression and during the Second World War, but it was such an integral part of that shift that the two became hard to disentangle.
His only rivals in this respect are Adam Smith, David Ricardo and Karl Marx (and nowadays perhaps Friedrich Hayek). It was this canonization of Keynes to which Paul Samuelson (Blang 1990a: 58) referred when he wrote: I actually did not like a certain note that I thought I detected at the hundredth anniversary of Keynes’s birth, celebrated at the holy of holies, King’s College, Cambridge. Person after person got up, walked the sawdust trail and said: ‘I am just as firm a Keynesian as I ever was.