1. John Maynard Keynes John Maynard Keynes, 18831946. John Maynard Keynes is doubtlessly one the most important figures in the entire history of economics. http://cepa.newschool.edu/het/profiles/keynes.htm

John Maynard Keynes, 1883-1946. John Maynard Keynes is doubtlessly one the most important figures in the entire history of economics. He revolutionized economics with his classic book, The General Theory of Employment, Interest and Money (1936). This is generally regarded as probably the most influential social science treatise of the 20th Century, in that it quickly and permanently changed the way the world looked at the economy and the role of government in society. No other single book, before or since, has had quite such an impact. The son of the Cambridge economist and logician John Neville Keynes , John Maynard Keynes was bred in British elite institutions - Eton and then King's College Cambridge. In 1906, he entered the British civil service for a little while, and then returned to Cambridge in 1909. Three life-long connections were made during this time. Firstly, Keynes would remain a fellow of King's College, Cambridge. Secondly, he became the editor of the Economic Journal in 1911, a position he would hold almost until the end of his life. He also fell in with the "Bloomsbury group", a collection of upper-class Edwardian aesthetes such as Virginia Woolf, Clive Bell and Lytton Strachey, which would serve as his "life outside of economics". His first book on Indian currency (1913) was directly related to his experience at the India office. From 1914 to 1918, J.M.K. was called to the UK Treasury to assist with the financing of the British war economy. He excelled at his job and the influence he gained earned him a position with the British delegation to the Versailles Peace Conference in 1918. J.M.K was appalled at the vindictive nature of the peace settlement, and was particularly opposed to the devastating consequences of the heavy "reparations" payments imposed on Germany. He resigned from the conference and published his

2. John Maynard Keynes John Maynard Keynes deserves a webpage of his own. George Bernard Shaw (left) and John Maynard Keynes (right), at the Fitzwilliam Museum, Cambridge, UK, 1936. http://econ161.berkeley.edu/Economists/keynes.html

Economists Created: 1996-02-21 Modified: 2001-06-19 Go to DeLong's Home Page Teaching Writing Career ... My Jobs Keynes John Maynard Keynes deserves a webpage of his own George Bernard Shaw (left) and John Maynard Keynes (right), at the Fitzwilliam Museum, Cambridge, U.K., 1936 Keynes's The Economic Consequences of the Peace Short Pieces A brief essay on Keynes's Tract on Monetary Reform perhaps his single best book Reflections by Robert Skidelsky on Keynes , upon finishing his three-volume biography. Reflections by Alec Cairncross on Keynes , from The Economist The Atlantic has an electronic copy of an article by Keynes on "The World Economic Outlook" that it published in 1932 at: http://www2.theatlantic.com/atlantic/atlweb/flashbks/budget/Keynesf.htm Bon Mots "I would rather be vaguely right, than precisely wrong." "The real difficulty in changing any enterprise lies not in developing new ideas, but in escaping from the old ones." "The ideas of economists . . . are more powerful than is commonly understood. Indeed the world is ruled by little else." "I do not know which makes a man more conservativeto know nothing but the present, or nothing but the past."

3. John Maynard Keynes John Maynard Keynes. John Maynard Keynes was probably the most influential economist of the first half of the twentieth century. http://william-king.www.drexel.edu/top/prin/txt/Intro/Keynes.html

John Maynard Keynes John Maynard Keynes was probably the most influential economist of the first half of the twentieth century. The son of a professor of economics, John Neville Keynes, and destined by family connection to be influential in the narrow British university world, Keynes added his own intellectual powers, daring conception, and the courage of his convictions to create an impact that a lesser mind and soul would not have had. Keynes was on the staff of the British delegation that negotiated peace after World War I, but he regarded the terms as the seeds of disaster, resigned in protest, and wrote his criticisms in The Economic Consequences of the Peace (1919), "...bursting" (as Schumpeter wrote) "into international fame when men of equal insight but less courage and men of equal courage but less insight kept silent." Keynes became editor of the Economic Journal , certainly one of the most important of journals of professional work and research in economics then as now. After the disaster of the Great Depression , Keynes was the leading figure in a group of (mostly) younger and very creative economists who attempted to understand and explain the disaster. Borrowing freely from their ideas, Keynes published

4. Keynes John Maynard Keynes. Born 5 June 1883 John Maynard Keynes (pronounces Canes) was born into an academic family. His father, John Nevile http://www-gap.dcs.st-and.ac.uk/~history/Mathematicians/Keynes.html

John Maynard Keynes Born: 5 June 1883 in Cambridge, Cambridgeshire, England Died: 21 April 1946 in Firle, Sussex, England Click the picture above to see seven larger pictures Show birthplace location Previous (Chronologically) Next Biographies Index Previous (Alphabetically) Next Main index John Maynard Keynes (pronounces Canes) was born into an academic family. His father, John Nevile Keynes, was a lecturer at the University of Cambridge where he taught logic and political economy. John Nevile published Formal Logic four months after John Maynard was born. John Maynard's mother, Florence Ada Brown, was a remarkable woman who was a highly successful author, and also a great pioneer in social reform. It is worth commenting at this stage that, although John Maynard Keynes lived to the age of 63, his parents both outlived him. At the age of seven, Keynes entered Perse School Kindergarten but he learnt more from lessons given at home. Two years later he entered St Faith's preparatory school but there was little sign at this stage that he was an exceptional pupil. As time went by he did begin to show more promise, however, and in 1894 he topped the class for the first time and received a prize for mathematics. By 1896 he was described by the headmaster as (see for example [6]):- ... head and shoulders above all the other boys in the school. The following year Keynes sat the entrance examination for Eton and came tenth out of the twenty boys who were accepted into the school in that year. He did, however, come first equal in mathematics.

5. John Maynard Keynes John Maynard Keynes. June 5, 1883April 21, 1946. The Economic Consequences of the Peace, The Economic Consequences of the Peace, post script file; pdf file. ( provided by Thomas Bevan) http://socserv2.socsci.mcmaster.ca/~econ/ugcm/3ll3/keynes

John Maynard Keynes June 5, 1883-April 21, 1946 The Economic Consequences of the Peace The Economic Consequences of the Peace, post script file pdf file . (provided by Thomas Bevan) A Review of The Economic Consequences of the Peace by Thorstein Veblen

6. John Maynard Keynes - Wikipedia, The Free Encyclopedia John Maynard Keynes. (Redirected from Keynes). Essays on John Maynard Keynes , Milo Keynes (Editor), Cambridge University Press, 1975, ISBN 0521-20534-4; http://en.wikipedia.org/wiki/Keynes

John Maynard Keynes From Wikipedia, the free encyclopedia. (Redirected from Keynes John Maynard Keynes June 5 in Cambridge April 21 in Sussex ) was an English economist , whose radical ideas had a major impact on modern economic and political thought. He is particularly remembered for advocating interventionist government policy, by which the government would use fiscal and monetary measures to aim to mitigate the adverse effects of economic recessions and booms. His ideas have been further developed by the school of Keynesian economics Table of contents showTocToggle("show","hide") 1 Life and works 2 Private life 3 Keynes the Investment Wizard 4 Recommended reading ... edit Life and works John Maynard Keynes was the son of John Nevile Keynes (pronounced "Canes"), a economics lecturer at Cambridge University and Florence Ada Brown, a successful author and a social reformist. Keynes graduated in mathematics from Cambridge University , and afterwards increasingly turned his attention to economics . An advisor to the British government during World War I , he first came to public prominence with the publication of The Economic Consequences of the Peace , published after the end of the war in . This argued that the reparations which Germany was forced to pay to the victors in the war were too large and would lead to the ruin of the German economy. These predictions were arguably borne out when the German economy collapsed in the Hyperinflation of , with only a small amount of reparations ever being paid.

7. Keynes John Maynard From FOLDOC keynes john maynard. history of philosophy, biography English economist keynes john maynard. history of philosophy, biography English economist http://www.swif.uniba.it/lei/foldop/foldoc.cgi?Keynes John Maynard

8. MSN Encarta - Search Results - Keynes John Maynard 1st Baron Keynes Of Tilton Encarta Search results for keynes john maynard 1st Baron Keynes of Tilton . Page 1 of 2 next. 9. Books about keynes john maynard 1st Baron Keynes of Tilton . http://encarta.msn.com/Keynes_John_Maynard_1st_Baron_Keynes_of_Tilton.html

MSN Home My MSN Hotmail Shopping ... Money Web Search: logoImg('http://sc.msn.com'); Encarta Subscriber Sign In Help Home ... Upgrade to Encarta Premium Search Encarta Encarta Search results for "Keynes John Maynard 1st Baron Keynes of Tilton" Page of 2 next Exclusively for MSN Encarta Premium Subscribers Keynes, John Maynard, 1st Baron Keynes of Tilton Article—Encarta Encyclopedia Keynes, John Maynard, 1st Baron Keynes of Tilton (1883-1946), British economist. related items associates education Franco Modigliani, influenced by work of Keynes macroeconomics ... Keynesian Economics Encarta Encyclopedia List of items from Encarta Encyclopedia Macroeconomics, field pioneered by John Maynard Keynes Article—Encarta Encyclopedia Macroeconomics , branch of economics concerned with the aggregate, or overall, economy. Macroeconomics deals with economic factors such as total... Keynesian Economics, important theory of how modern economies work Article—Encarta Encyclopedia Found in the Economics article Capitalism, influence of Keynes’ work Article—Encarta Encyclopedia Found in the Capitalism article The General Theory of Employment, Interest, and Money

9. WIEM: Keynes John Maynard keynes john maynard, Baron of Tilton (18831946), jeden z najwybitniejszych ekonomistów angielskich, absolwent Uniwersytetu w Cambridge, gdzie http://wiem.onet.pl/wiem/00116d.html

WIEM 2004 - zobacz now± edycjê encyklopedii! Kup abonament i encyklopediê na CD-ROM, sprawd¼ ofertê cenow±! Oferta specjalna abonamentów dla szkó³ i instytucji! Uwaga! Przedstawione poni¿ej has³o pochodzi z archiwalnej edycji WIEM 2001! Prace redakcyjne nad edycj± 2001 zosta³y zakoñczone. Zapraszamy do korzystania z nowej, codziennie aktualizowanej i wzbogacanej w nowe tre¶ci edycji WIEM 2004 Ekonomia, Wielka Brytania Keynes John Maynard Keynes John Maynard, Baron of Tilton (1883-1946), jeden z najwybitniejszych ekonomistów angielskich, absolwent Uniwersytetu w Cambridge, gdzie obok ekonomii studiowa³ równie¿ matematykê i filozofiê. Pracowa³ pocz±tkowo w Urzêdzie do Spraw Indii, pó¼niej wyk³ada³ w King's College. W latach 1915-1919 pracowa³ w Ministerstwie Skarbu, a w czasie II wojny ¶wiatowej by³ czo³owym doradc± gospodarczym rz±du. Od 1912 do koñca ¿ycia by³ redaktorem Economic Journal , najpowa¿niejszego angielskiego czasopisma ekonomicznego. Jego zainteresowania teoretyczne koncentrowa³y siê pocz±tkowo wokó³ problematyki gospodarki wojennej ( Ekonomiczne skutki pokoju - 1919) oraz teorii pieni±dza Traktat o reformie monetarnej - 1923 i  Traktat o pieni±dzu - 1930). Rozwija³ w nich podstawy teorii pieni±dza jako integralnej czê¶ci systemu gospodarczego i jako instrumentu oddzia³ywania pañstwa na gospodarkê.

10. John Maynard Keynes John Maynard Keynes. Recommended reading. Essays on John Maynard Keynes , Milo Keynes (Editor), Cambridge University Press, 1975, ISBN 0521-20534-4; http://www.fact-index.com/j/jo/john_maynard_keynes.html

Main Page See live article Alphabetical index John Maynard Keynes John Maynard Keynes June 5 in Cambridge April 21 in Sussex ) was an English economist , whose radical ideas had a major impact on modern economic and political thought. He was the son of John Nevile Keynes (pronounced "Canes"), a lecturer at Cambridge University and Florence Ada Brown, a successful author and a social reformist. He is particularly remembered for advocating interventionist government policy, by which the government would use fiscal and monetary measures to aim to mitigate the adverse effects of economic recessions and booms. His ideas have been further developed by the school of Keynesian economics Life and works His father, John Neville Keynes, was an economist. Keynes graduated in mathematics from Cambridge University , and afterwards increasingly turned his attention to economics . An advisor to the British government during World War I , he first came to public prominence with the publication of The Economic Consequences of the Peace , published after the end of the war in . This argued that the reparations which Germany was forced to pay to the victors in the war were too large and would lead to the ruin of the German economy. These predictions were arguably borne out when the German economy collapsed in the Hyperinflation of , with only a small amount of reparations ever being paid.

11. John Maynard Keynes John Maynard Keynes, 18831946. The Synthesists. Information on John Maynard Keynes, (1) , (2) , (3), (4). Major Works of John Maynard Keynes. http://csf.colorado.edu/pkt/authors/Keynes/keynes.htm

John Maynard Keynes, 1883-1946. The foremost economist of the twentieth century, J.M. Keynes revolutionized economics with his classic book, The General Theory of Employment, Interest and Money (1936), - also referred to simply as the General Theory click here for our essay on Keynes's General Theory Initially working in the tradition of the Neoclassical Marshallians Keynes's message spread like wildfire among economists and, as developed and extended by other thinkers into what became known as the Neoclassical-Keynesian Synthesis , became the orthodoxy of the post-war period. In later years, members of Keynes's "Circus" at Cambridge - such as Joan Robinson and several other economists - the American Post-Keynesian and Cambridge Neo-Ricardians attempted to resurrect the flavor of Keynes's "original" message which they felthad been twisted beyond all recognition by the Synthesists. Information on John Maynard Keynes, Major Works of John Maynard Keynes Indian Currency and Finance The Economic Consequences of the Peace Copy 1 A Treatise on Probability A Tract on Monetary Reform Treatise on Money , two volumes, 1930.

12. John Maynard Keynes keynes john maynard. Britain 19191946 Alterman,E. Sound and Fury. The names below are mentioned on the listed pages with the name keynes john maynard. http://www.namebase.org/main2/John-Maynard-Keynes.html

KEYNES JOHN MAYNARD Britain 1919-1946 Alterman,E. Sound and Fury. 1992 Chernow,R. The House of Morgan. 1990 Ewen,S. PR! A Social History of Spin. 1996 Greider,W. Secrets of the Temple. 1989 ... Wormser,R. Foundations: Their Power and Influence. 1993 pages cited this search: 44 Order hard copy of these pages Show a social network diagram for this name The names below are mentioned on the listed pages with the name KEYNES JOHN MAYNARD Click on a name for a new proximity search: ACHESON DEAN G LeBor,A. Hitler's Secret Bankers. 1997 ALDRICH WINTHROP WILLIAMS Sampson,A. The Money Lenders. 1982 ... Weissman,S. Trojan Horse. 1975 KEYNES JOHN MAYNARD pages searched: 44 These names share the indicated number of pages with the above name. Click on a name below for a standard name search: WHITE HARRY DEXTER WORLD BANK INTERNATIONAL MONETARY FUND MORGENTHAU HENRY M JR ... Back to home page

13. John Maynard Keynes - Encyclopedia Article About John Maynard Keynes. Free Acces encyclopedia article about John Maynard Keynes. John Maynard Keynes in Free online English dictionary, thesaurus and encyclopedia. John Maynard Keynes. http://encyclopedia.thefreedictionary.com/John Maynard Keynes

Dictionaries: General Computing Medical Legal Encyclopedia John Maynard Keynes Word: Word Starts with Ends with Definition John Maynard Keynes June 5 June 5 is the 156th day of the year in the Gregorian calendar (157th in leap years), with 209 days remaining. Events 1741 - Vitus Bering departs Kamchatka to explore Alaska. 1752 - Benjamin Franklin proves that lightning is electricity (kite + key + lightning) 1783 - The Montgolfier brothers demonstrate publicly their montgolfière (hot air balloon) 1817 - First Great Lakes steamer launched. Click the link for more information. Centuries: 18th century - 19th century - 20th century Decades: 1830s 1840s 1850s 1860s 1870s - Years: 1878 1879 1880 1881 1882 - Events January 16 - The Pendleton Civil Service Reform Act, establishing the United States Civil service, is passed January 19 - The first electric lighting system employing overhead wires begins service (Roselle, New Jersey) It was built by Thomas Edison. Click the link for more information. in Cambridge This article is about Cambridge, England; see also Cambridge, Massachusetts and other towns called Cambridge. The city of Cambridge is an old English University town and the regional centre of the county of Cambridgeshire. It lies approximately 80 kilometers or 50 miles north of London and is surrounded by a number of smaller towns and villages. It is also at the heart of Silicon Fen, the high-tech capital of Britain.

14. Keynes Short biography and map showing place of birth. http://www-groups.dcs.st-and.ac.uk/~history/Mathematicians/Keynes.html

John Maynard Keynes Born: 5 June 1883 in Cambridge, Cambridgeshire, England Died: 21 April 1946 in Firle, Sussex, England Click the picture above to see seven larger pictures Show birthplace location Previous (Chronologically) Next Biographies Index Previous (Alphabetically) Next Main index John Maynard Keynes (pronounces Canes) was born into an academic family. His father, John Nevile Keynes, was a lecturer at the University of Cambridge where he taught logic and political economy. John Nevile published Formal Logic four months after John Maynard was born. John Maynard's mother, Florence Ada Brown, was a remarkable woman who was a highly successful author, and also a great pioneer in social reform. It is worth commenting at this stage that, although John Maynard Keynes lived to the age of 63, his parents both outlived him. At the age of seven, Keynes entered Perse School Kindergarten but he learnt more from lessons given at home. Two years later he entered St Faith's preparatory school but there was little sign at this stage that he was an exceptional pupil. As time went by he did begin to show more promise, however, and in 1894 he topped the class for the first time and received a prize for mathematics. By 1896 he was described by the headmaster as (see for example [6]):- ... head and shoulders above all the other boys in the school. The following year Keynes sat the entrance examination for Eton and came tenth out of the twenty boys who were accepted into the school in that year. He did, however, come first equal in mathematics.

15. John Maynard Keynes [Virtual Economy] Economists john maynard keynes (1883-1946) keynes is perhaps one of the best known of all economists - Milton Friedman and john maynard keynes - it would be totally untrue http://www.bized.ac.uk/virtual/economy/library/economists/keynes.htm

Economists - John Maynard Keynes (1883-1946) Keynes is perhaps one of the best known of all economists. This is hardly surprising for two main reasons. The first is that his work was perhaps the most important work that had been done for decades and changed the whole face of post-war economic policy. The second, more flippant reason for his fame is that he is perhaps the only economist to have a whole branch of economics named after him. Though it would be nice to argue that Milton Keynes was named in tribute to the work of two great economists - Milton Friedman and John Maynard Keynes - it would be totally untrue! So Keynes remains the only person to be honoured in this way. His main contribution to the economics debate of the time was in putting together a coherent critique of the existing classical Economic Journal Work Theories Economists Neo-Classical ... IFS

16. Biographies: The Economists: Lord John Maynard Keynes (1883-1946). After attending Eton, keynes went to Cambridge. His first dissertation (King's) was on the theory of probability. And while it certainly did look like keynes, at first, was going to concentrate http://www.blupete.com/Literature/Biographies/Philosophy/Keynes.htm

[Back To List of Economists] Lord, John Maynard Keynes John Maynard Keynes was born in Cambridge, England. His father, Dr. John Neville Keynes, occupied a high level administrative position at the university. Maynard's mother was one of the earliest female students to attend Cambridge. It therefore can be seen that Maynard had a very enriched childhood. After attending Eton, Keynes went to Cambridge. His first dissertation (King's) was on the theory of probability. And while it certainly did look like Keynes, at first, was going to concentrate his abilities on mathematics, it was to economics he was to turn. Indeed, he was tempted to go to the bar, which would normally lead to positions of political power; but, instead, he chose a course which would lead him to be an advisor to those in political power: he chose the civil service. After the competition (he came second) he was appointed to a position in Foreign Affairs, specifically, the department that extended advice on the administration of India, which then was one of England's Dominions. (He would have preferred the Treasury Department. ) Fortunately, in his first position with the civil service, - boredom overtook him.

17. John Maynard Keynes (1883-1946), économiste Promouvant L'intervention Régulatr Pr©sentation de keynes et du keyn©sianisme, ouvrages en ligne. http://www.uqac.uquebec.ca/zone30/Classiques_des_sciences_sociales/classiques/ke

John Maynard Keynes "économiste promouvant l'intervention régulatrice de l'Etat dans l'économie de marché" [Serge D'Agostino] Gemma Paquet Serge D'Agostino Essais de persuasion Marcelle Bergeron ... Serge D'Agostino (A Revision of the Treaty) (1921). Gemma Paquet Serge D'Agostino Traduit de l'Anglais par Jean De Largentaye en 1942. Autres liens John Maynard Keynes: bilan et perspectives Pascal Corbel 1999/2000, John Maynard Keynes Keynes et la politique Oublions Keynes . CyberPresse, le 18 octobre 2001. Bernard Maris, Page d'accueil centrale Dimanche 02 mai 2004 Par Jean-Marie Tremblay, sociologue.

18. John Maynard Keynes, Biography: The Concise Encyclopedia Of Economics: Library O Biography of. john maynard keynes (18831946) So influential was john maynard keynes that an entire school of modern thought bears his name http://www.econlib.org/library/Enc/bios/Keynes.html

Search Site Search Card Catalog Search a Book Home ... and Help Biography of John Maynard Keynes (1883-1946) So influential was John Maynard Keynes that an entire school of modern thought bears his name. Many of his ideas were revolutionary; almost all are controversial. Keynesian economics serves as a sort of yardstick that can define virtually all economists who came after Keynes. Keynes was born in Cambridge and attended King's College, Cambridge, where he earned his degree in mathematics in 1905. He remained there for another year to study under Alfred Marshall and Arthur Pigou, whose scholarship on the quantity theory of money led to Keynes's Tract on Monetary Reform many years later. After leaving Cambridge, Keynes took a position with the civil service in Britain. While there, he collected the material for his first book in economics, Indian Currency and Finance, in which he described the workings of India's monetary system. He returned to Cambridge in 1908 as a lecturer, then took a leave of absence to work for the British Treasury. He worked his way up quickly through the bureaucracy and, by 1919, was the Treasury's principal representative at the peace conference at Versailles. He resigned because he thought the Treaty of Versailles was overly burdensome to the Germans. Upon resigning, he returned to Cambridge to resume teaching. Keynes was a prominent journalist and speaker, and one of the famous Bloomsbury Group of literary greats, which included Virginia Woolf and Bertrand Russell. At the 1944 Bretton Woods Conference, where the International Monetary Fund was established, Keynes was one of the architects of the postwar system of fixed exchange rates. In 1925 he married the Russian ballet dancer Lydia Lopokova. He was made a lord in 1942. Keynes died on April 21, 1946, survived by his father, John Neville Keynes, also a renowned economist in his day.

19. TAP: Vol 5, Iss. 16. Citizen Keynes. John Eatwell. Cambridge economist john Eatwell reviews volume two of Robert Skidelsky's biography of keynes http://www.prospect.org/print/V5/16/eatwell-j.html

This is an archived page of The American Prospect. For other pages: Print Issue Online Articles Tapped Home ... Moving Ideas Network Citizen Keynes By John Eatwell Issue Date: 0.0.00 Print Friendly Email Article WORK DISCUSSED IN THIS ESSAY Robert Skidelsky, John Maynard Keynes, Volume Two: The Economist as Saviour, 1920-1937 (Viking Penguin, 1994). I feel very possessive about John Maynard Keynes. He overshadowed the most formative years of my education. His General Theory shapes the way I think about economics. These reflections were evoked by Robert Skidelsky's description of Keynes the economist in his long-awaited John Maynard Keynes, Volume Two: The Economist as Saviour, 1920-1937 His achievement was to align economics with changes taking place in ethics, in culture, in politics, and in society. . . . In his big books he was the pamphleteer trying to rein in his imagination, school himself to the demands of a formal treatise. He had powerful intuitions of logical and historical relationships. . . . As with all original minds, Keynes's intuitions were never fully captured by his analytical system. (pp. 424-425) And, Skidelsky tells us, Keynes was also practical, absorbed in questions of economic policy, argumentative, benevolent and intolerant, often rude, and had an intellectual arrogance that would allow positions previously held with great passion to be calmly abandoned. Well, that is exactly what the Cambridge faculty was like in the 1960s. Not only did the ghost of Keynes dominate the content of economics education at Cambridge, it also dominated the style. That style could be sustained with substance only by the extraordinarily gifted. So it is not surprising that the Cambridge faculty, although still very "Keynesian," looks much more conventional these days.

20. Abstract Of Conversation With Mr. John Maynard Keynes Recorded by A. P. Chew at the U.S. Department of Agriculture in 1936. http://newdeal.feri.org/misc/keynes1.htm

Home Photo Gallery Classroom Documents New Deal Documents Abstract of conversation with Mr. John Maynard Keynes Recorded by A. P. Chew Publishing Information DEPARTMENT OF AGRICULTURE WASHINGTON May 8, 1936. The President, The White House. Dear Mr. President: In conformance with our conversation at Cabinet yesterday, I am sending you herewith the abstract of the conversation of A. P. Chew, Assistant to the Director of Information of this Department, with John Maynard Keynes. I am also sending you abstract of the conversation Mr. Chew had with John A. Hobson and H. N. Brailsford. Respectfully yours, [Henry Wallace] Secretary. Enclosure. WASHINGTON Abstract of conversation with Mr. John Maynard Keynes. The problem of foreign trade, while important, is not the primary economic problem. It is necessary first to increase the domestic demand. With that accomplished, foreign trade will increase in actual volume, while declining in relative importance. If the industrial nations all set to work to increase their domestic demand, they would soon have a revival in their foreign trade without having to worry about it. Demand can increase through investmentthrough the creation of new capital goods. It is not necessary to depend either on price declines, or on wage-advances. Ultimately, of course, an increase in capital goods means an increase in consumers goods, and consumption per capita must go up if the balance between production and consumption is to be maintained. But the advantage, particularly in periods of recovery from depression, in raising demand through investment rather than mainly through direct increases in individual consumption is that the operation enlists the cooperation rather than the hostility of the investing groups.

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