Keynes, By Peter Clarke
Sunday 14 March 2010
Shares in John Maynard Keynes are rising, and Peter Clarke's elegant, succinct biography could not be more timely. The first half is a chronological account of Keynes's life, reminding us what a polymath the man was. As well as the most influential economist of the 20th century, he was a mathematician and philosopher whose first published work was a treatise on probability, an essayist and journalist, an adviser to governments, and friend of most of the leading intellectuals of his day. (Bertrand Russell described him as the cleverest man he ever knew, and said that every time he argued with Keynes he felt as though he was taking his life in his hands.)
The second part of Keynes is an explanation and analysis of his theories and their influence. It is dry, technical and bristling with distinctions (between saving and investment, between ex ante and ex post outcomes, between the spending behaviour of individuals and aggregate spending), but Clarke has done a decent job of making the ideas accessible. He argues that Keynes was right to maintain that public works ultimately pay for themselves, and his conclusion, that a form of updated Keynesianism is needed now, is well-earned.
Is the comedy album making a comeback?comedy
Arts & Ents blogs
- 1 What if 35 Palestinians had died, and 800 Israelis?
- 2 Disney heiress Abigail disowns her share of family profits in West Bank company
- 3 The secret report that helps Israel hide facts
- 4 'Women should not laugh in public,' says Turkey's Deputy Prime Minister in morality speech
- 5 Ross Burden dead: MasterChef and Ready Steady Cook star dies at age 45 after suffering from cancer
Led Zeppelin to release alternative Stairway To Heaven after 43 years
Best movies on Netflix UK and US: 32 films that will end your endless scrolling
Freddie Prinze Jr on 24: 'Kiefer Sutherland was the most unprofessional dude in the world – I hated every moment of it'
50 best running songs: From Avicii and Pharrell Williams to the classic 'Eye of the Tiger'
Coolio has sold his soul to Pornhub
The secret report that helps Israel hide facts
Woman and two children killed by mob in riots over 'blasphemous' Facebook post in Pakistan
A day in the life of Vladimir Putin: The dictator in his labyrinth
Putin is 'thuggish, dishonest and reckless', says British ambassador to US
A new Russian revolution: The cracks are starting to appear in Putin’s Kremlin power bloc
Were 'Poor Doors' added to mixed developments so wealthy residents don't have to go in alongside social housing tenants?
- < Previous
- Next >