John Maynard Keynes

1883-1946 · British · Political Economy, Philosophy of Probability

Economists set themselves too easy, too useless a task if in tempestuous seasons they can only tell us that when the storm is long past the ocean is flat again.

Topics John Maynard Keynes addresses

• effective demand
• involuntary unemployment
• liquidity preference
• the marginal efficiency of capital
• animal spirits
• the state of long-term expectation
• the beauty contest
• the multiplier
• the paradox of thrift
• the euthanasia of the rentier
• the socialisation of investment
• the classical postulates of employment
• the fundamental equations of money
• savings and investment as distinct magnitudes
• bank rate as an instrument
• the quantity theory of money
• the barbarous relic
• a managed currency
• the gold-exchange standard
• Council Bills and Indian remittance
• the return to gold at the pre-war parity
• the transfer problem
• the Carthaginian peace
• reparations and the capacity to pay

Converse with John Maynard Keynes on Symposium. Every reply is grounded in John Maynard Keynes's own writing and cites the page it came from. The corpus is public-domain text.