Keynes: The Return of the Master

A Biography of the Man Who Changed Economics

In this magisterial biography, Robert Skidelsky tells the story of John Maynard Keynes, the most influential economist of the twentieth century. Keynes's ideas revolutionized the way we think about economics, and his policies helped to pull the world out of the Great Depression.

Keynes's Early Life and Education

John Maynard Keynes was born in Cambridge, England, in 1883. His father was a successful economist, and his mother was a social activist. Keynes showed a talent for mathematics and economics at an early age, and he went on to study at Cambridge University.

After graduating from Cambridge, Keynes worked for the British Treasury. He also served as a member of the Royal Commission on Indian Currency and Finance. In 1919, he published his first major work, The Economic Consequences of the Peace. This book argued that the Treaty of Versailles, which ended World War I, was too harsh on Germany and would lead to economic instability in Europe.

Keynes's General Theory of Employment, Interest, and Money

Keynes's most important work, The General Theory of Employment, Interest, and Money, was published in 1936. This book challenged the classical economic theory that the economy would always return to full employment on its own. Keynes argued that government intervention was necessary to stimulate the economy and create jobs.

The General Theory had a profound impact on economic thought and policy. It helped to pull the world out of the Great Depression, and it laid the foundation for modern macroeconomics.

Keynes's Later Life and Legacy

Keynes continued to write and lecture on economics throughout his life. He also served as a government advisor during World War II and the postwar period. He died in 1946 at the age of 62.

Keynes's legacy is immense. He is considered one of the most important economists of all time, and his ideas continue to influence economic policy today.

Why You Should Read Keynes

Keynes's work is essential reading for anyone who wants to understand the modern economy. His ideas are clear, concise, and accessible to non-economists. Keynes's writing is also full of wit and humor, making it a pleasure to read.

If you are interested in learning more about economics, or if you simply want to understand the world around you better, I highly recommend reading Keynes. His work will change the way you think about the economy.

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Keynes: The Return of the Master is available now from all major booksellers. Order your copy today and start learning about the man who changed economics.