Biography of an Idea: John Maynard Keynes and the General Theory of Employment, Interest and Money
The culmination of John Maynard Keynes's thought and lifework was The General Theory of Employment, Interest and Money. Here, placing it in the context of his era, David Felix examines the evolution of Keynes's theorizing. He boldly claims that The General Theory lacks logical and factual support as pure theory, but is an achievement of great statesmanship in political economy.

Felix argues that Keynes's ideas have misled successive generations of students and practitioners. He suggests that a more discriminating view of his thought can reconcile Keynesian views with neoclassical theory and replace the false synthesis that dominates contemporary text-books with a truer one. Biography of an Idea devotes four chapters to an analysis of The General Theory and an examination of the economic logic of Keynes. The author disentangles the work's fundamentally simple theses from its difficult technical pre-sentation. He shows how Keynes shaped his economic model as he did as an effort to win public support for sensible policies that clashed with generally accepted beliefs of the time.

Biography of an Idea is bound to be controversial due to the many cohorts of economists who have been trained in macroeconomics according to Keynes. It will be of interest and ac-cessible to intellectually curious laymen and students, and important to economists, historians, and political scientists.

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Biography of an Idea: John Maynard Keynes and the General Theory of Employment, Interest and Money
The culmination of John Maynard Keynes's thought and lifework was The General Theory of Employment, Interest and Money. Here, placing it in the context of his era, David Felix examines the evolution of Keynes's theorizing. He boldly claims that The General Theory lacks logical and factual support as pure theory, but is an achievement of great statesmanship in political economy.

Felix argues that Keynes's ideas have misled successive generations of students and practitioners. He suggests that a more discriminating view of his thought can reconcile Keynesian views with neoclassical theory and replace the false synthesis that dominates contemporary text-books with a truer one. Biography of an Idea devotes four chapters to an analysis of The General Theory and an examination of the economic logic of Keynes. The author disentangles the work's fundamentally simple theses from its difficult technical pre-sentation. He shows how Keynes shaped his economic model as he did as an effort to win public support for sensible policies that clashed with generally accepted beliefs of the time.

Biography of an Idea is bound to be controversial due to the many cohorts of economists who have been trained in macroeconomics according to Keynes. It will be of interest and ac-cessible to intellectually curious laymen and students, and important to economists, historians, and political scientists.

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Biography of an Idea: John Maynard Keynes and the General Theory of Employment, Interest and Money

Biography of an Idea: John Maynard Keynes and the General Theory of Employment, Interest and Money

by David Felix
Biography of an Idea: John Maynard Keynes and the General Theory of Employment, Interest and Money

Biography of an Idea: John Maynard Keynes and the General Theory of Employment, Interest and Money

by David Felix

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Overview

The culmination of John Maynard Keynes's thought and lifework was The General Theory of Employment, Interest and Money. Here, placing it in the context of his era, David Felix examines the evolution of Keynes's theorizing. He boldly claims that The General Theory lacks logical and factual support as pure theory, but is an achievement of great statesmanship in political economy.

Felix argues that Keynes's ideas have misled successive generations of students and practitioners. He suggests that a more discriminating view of his thought can reconcile Keynesian views with neoclassical theory and replace the false synthesis that dominates contemporary text-books with a truer one. Biography of an Idea devotes four chapters to an analysis of The General Theory and an examination of the economic logic of Keynes. The author disentangles the work's fundamentally simple theses from its difficult technical pre-sentation. He shows how Keynes shaped his economic model as he did as an effort to win public support for sensible policies that clashed with generally accepted beliefs of the time.

Biography of an Idea is bound to be controversial due to the many cohorts of economists who have been trained in macroeconomics according to Keynes. It will be of interest and ac-cessible to intellectually curious laymen and students, and important to economists, historians, and political scientists.


Product Details

ISBN-13: 9781560001492
Publisher: Transaction Publishers
Publication date: 09/30/1994
Pages: 298
Product dimensions: 6.00(w) x 9.00(h) x (d)

About the Author

David Felix is professor emeritus of history in the City University of New York. His research interests include the history of ideas, economic history, and biography. He is the author of Biography of an Idea: John Maynard Keynes and the General Theory of Employment, Interest and Money, Keynes: A Critical Life, Marx as Politician, and other works.

Table of Contents

Introduction: The Idea as Hero; 1: The Theorist as a Young Man; 2: Early Theorizing; 3: Keynes Reconstituted: Thoughts on Policy and Theory; 4: Theorizing of the Middle Period: A Treatise on Money; 5: Policy-Making; 6: Theorizing: Toward the Final Statement; 7: The General Theory as Abstraction; 8: Consumption and the Propensity to It; 9: Investment and the Inducement to It; 10: The Close of Keynes’s System; 11: Defense; 12: Conquest
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