John Maynard Keynes is undoubtedly the most influential Western economist of the twentieth century. His emphasis on the nature and role of uncertainty in economic thought is a dominant theme in his writings. This book brings together a wide array of experts on Keynes' thought such as Gay Tulip Meeks, Sheila Dow and John Davis who discuss, analyse and criticise such themes as Keynesian probability and uncertainty, the foundations of Keynes' economics and the relationship between Keynes' earlier and later thought. The Philosophy of Keynes' Economics is a readable and comprehensive book that will interest students and academics interested in the man and his thought.

The essential writings of the 20th century’s most influential economist, collected in one volume Today, John Maynard Keynes is best remembered for his pioneering development of macroeconomics, and for his advocacy of active fiscal and monetary government policy. This uniquely comprehensive selection of his work, edited by Keynes’s award-winning biographer Robert Skidelsky, aims to make his work more accessible to both students of economics and the general reader. All of Keynes’s major economic work is included, yet the selection goes beyond pure economics. Here too are Keynes’s essential writings on philosophy, social theory and policy, and his futurist vision of a world without work. As Robert Skidelsky writes in his introduction: “People talk of the need for a new Keynes. But the old Keynes still has superlative wisdom to offer for a new age.” For more than sixty-five years, Penguin has been the leading publisher of classic literature in the English-speaking world. With more than 1,500 titles, Penguin Classics represents a global bookshelf of the best works throughout history and across genres and disciplines. Readers trust the series to provide authoritative texts enhanced by introductions and notes by distinguished scholars and contemporary authors, as well as up-to-date translations by award-winning translators.

Parson (policy analysis, U. of London) clears away the mechanistic and positivistic language and ideology that has surrounded the work of the British economist to find a social scientist and philosopher rooted in an alchemical fascination with the art of transmutation and the quest for the philosopher's stone. He places Keynes (1883-1946) in a long history of scientific and intellectual tradition with the intention of retrieving him as a source of inspiration and illumination for the theory and practice of public policy. Annotation copyrighted by Book News, Inc., Portland, OR

One of the most influential economists of the 20th century, his ideas are the basis for the school of thought known as Keynesian economic. John Maynard Keynes was an English economist, whose ideas fundamentally changed the theory and practice of macroeconomics and the economic policies of governments. He built on and greatly refined earlier work on the causes of business cycles. He detailed these ideas in his magnum opus, The General Theory of Employment, Interest and Money. THE PHILOSOPHER ‘Ethics in Relation to Conduct’ ‘The Political Doctrines of Edmund Burke’ The Adding-Up Problem ‘The Principles of Probability’ A Treatise on Probability ‘My Early Beliefs’ THE SOCIAL PHILOSOPHER The Economic Consequences of the Peace A Tract on Monetary Reform ‘The End of Laissez-faire’ ‘Am I a Liberal?’ ‘A Short View of Russia’ ‘Economic Possibilities for Our Grandchildren’ ‘National Self-Sufficiency’ ‘The Arts Council of Great Britain: Its Policy and Hopes’ THE ECONOMIST The Economic Consequences of the Peace A Tract on Monetary Reform A Treatise on Money The Great Depression A Treatise on Money ‘ “The Great Slump” of 1930’ ‘An Economic Analysis of Unemployment’ ‘The Consequences to the Banks of the Collapse of Money Values’ ‘A Monetary Theory of Production’ The General Theory of Employment, Interest and Money ‘The General Theory of Employment’ ‘Alternative Theories of the Rate of Interest’ Methodological Issues: Tinbergen, Harrod THE POLICY-MAKER The Economic Consequences of the Peace ‘A Plan for a Russian Settlement’ A Tract on Monetary Reform ‘The Economic Consequences of Mr Churchill’ ‘Can Lloyd George Do It?’ Policies for the Slump The New Deal ‘British Foreign Policy’ ‘How to Avoid a Slump’ Full Employment Policy ‘The Clearing Union’ ‘Overseas Financial Policy in Stage III’ ‘The Balance of Payments of the United States’ THE ESSAYIST ‘The Council of Four, Paris’ , ‘Lloyd George: A Fragment’ ‘Dr Melchior: A Defeated Enemy’ ‘Alfred Marshall’ ‘Thomas Robert Malthus’ ‘Newton the Man’

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.

John Maynard Keynes is undoubtedly the most influential Western economist of the twentieth century. His emphasis on the nature and role of uncertainty in economic thought is a dominant theme in his writings.This book brings together a wide array of experts on Keynes' thought such as Gay Tulip Meeks, Sheila Dow and John Davis who discuss, analyse an