Item description for Keynes (Life&Times series) (Life&Times) by Robert Cord...
Keynesianism was arguably the great economic theory of the 20th Century. As various economic schools were propounding the virtues of socialism and fascism during the tumultuous post war years of the 1920's, Keynesianism emerged as a particular style of capitalism, arguing that the economy was determined by aggregate demand. So successful was Keynes's theory that, by the mid 1940's, it was widespread across almost all of Europe s social democracies and, by the 1960's, the United States, too. Keynes personal life was no less remarkable. He was educated at Eton and Cambridge, where Leonard Woolf and Lytton Strachey helped elect him to the Cambridge Apostles; he amassed a large fortune, almost all of which he lost during the crash of 1929, but from which he quickly recovered; he was instrumental in the founding of the Arts Council of Great Britain, and was subsequently its chairman; he married a Russian ballerina. Though Keynes was a never a radical, he challenged the predominant orthodoxies and assumptions of pre-war economics. Spurred by what he'd witnessed at Versailles, he wrote The Economic Consequences of Peace, a book that showcased both his ability to understand economic reality and his acute political acumen. Keynes never saw his life's work fully come to fruition - he died in 1946, aged 63 but his theories long survived him. From a combination of Keynesianism and classical economics emerged the 'neoclassical synthesis', which came to dominate mainstream macroeconomic thought. His vast influence can be gauged by how, when new economic models were later proposed by Friedman, Hayek and others, their theories were, first and foremost, based on a criticism of Keynesianism.
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Est. Packaging Dimensions: Length: 7.64" Width: 5.04" Height: 0.47" Weight: 0.57 lbs.
Release Date Dec 19, 2007
Publisher Haus Publishers Ltd.
ISBN 1905791003 ISBN13 9781905791002
Availability 0 units.
More About Robert Cord
Robert Cord is a specialist in Keynes, with an additional interest in the lives and work of the Bloomsbury Group. He is currently based at Cambridge University.
Robert Cord has an academic affiliation as follows - University of Cambridge, UK.
Reviews - What do customers think about Keynes (Life&Times series) (Life&Times)?
3.5 stars-A good ,introductory "Keynes for Dummies" book May 29, 2008
Cord does an above average job of covering Keynes's life.The book is written for a reader who has no idea who J M Keynes was or what he did.Such a reader would not have taken a principles of macroeconomics course.The reader will learn the following:
(a)-Keynes was a world class philosopher-logician besides being the greatest economist of the 20th century.
(b)-Keynes was a major advisor to the British Treasury department from 1916 through 1946
(c)-Keynes was an elite member of The Apostles ,a secret Cambridge intellectual and debating club,and the Bloomsbury group,which was a famous group of artists,painters,sculptors,writers,and poets.
(d)-Keynes married the famous ballerina, Lydia Lopokova.
(e)-Keynes was the bursar(treasurer) for Cambridge.
(f)-Keynes is practically the only economist in history,besides Ricardo,who was able to make a fortune by his own private investing skills.
Cord has included a large number of pictures and explanations of the various persons who interacted with Keynes throughout his varied life.A reader of the book will have no idea of why Keynes is considered the greatest economist of the 20th century.However,this is a minor problem because the vast majority of economists haven't a clue either.