THE AGE OF KEYNES by Robert Lakachman


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While one could hold with this author that John Maynard Keynes was ""the most influential heretic of his age, "" one might also counter to the effect that both the man and his theories are still rarely understood outside professional economic circles. Robert Lakachman has performed a very worthwhile service in this ""biography of the mind"": by showing the contexts in which Keynes lived and worked, the intellectual climates of Cambridge and Bloomsbury, and the larger world of late Victorian economics, he has made it possible to trace the ideas in The General Theory of Employment, Interest and Money back to the ""humane Locke-Hume Mill tradition"" and forward to the present. Twenty years after Keynes' ""death, his principles have led to a belief that depression probably won't ever happen again to the United States and deficit budgeting is a normal state of affairs for responsible governments. Fondness as well as respect for his subject has helped Mr. Lekachman enormously in his task, and Keynes moves through these pages not as an intellectual deity, but a real, reasonable, and even fallible human being.

Publisher: Random House