John Maynard Keynes: The Economist as Savior, 1920-1937
In the first volume of his towering biography of Britain's greatest economist, Robert Skidelsky gave a frank and detailed exposition of how John ... Show synopsis In the first volume of his towering biography of Britain's greatest economist, Robert Skidelsky gave a frank and detailed exposition of how John Maynard Keynes came to concern himself with the practical problems of his age and exert a profound influence upon them. In this eagerly awaited second volume, the highly praised biographer takes up the story after the controversial publication of Keynes's The Economic Consequences of the Peace. The First World War had destroyed the essential props of the international economic and political system. There was to be no sustained recovery, but a slide into economic depression, the rise of totalitarianism, and another huge-scale war. Setting Keynes and his ideas firmly in context, Skidelsky shows the importance of world events in shaping his life, and provides stringent analysis of the economist's concentrated assault on conventional fiscal wisdom: his attacks on reparations policy and the return to the pre-war gold standard, but above all, his formation of a new economic philosophy. The rarefied Bloomsbury world in which Keynes had been involved was irrelevant in the postwar world. Keynes could not remain there if he was to launch a revolution in economic statesmanship. His marriage in 1925 to Diaghilev's Russian ballerina Lydia Lopokova shocked Bloomsbury, who saw it as a rejection of all they stood for. Skidelsky shows with sympathy and insight how essential this marriage was to his public work.