Life

The Keynesian Revolution is a label for the dramatic change that took place within economics in the 1930s with the publication of The General Theory of Employment, Interest and Money (1936) by John Maynard Keynes. The Keynesian Revolution is largely the story of the impact of that book, but Keynes had published many books before that one and its appearance capped a long career as economic theorist, economic journalist and economic advisor. It is doubtful whether the same book published by an unknown would have had the same revolutionary influence. In short, Keynes’s life in the preceding fifty-odd years before 1936 is of some significance in the bombshell that was The General Theory. It is for that reason that we begin a book on Keynesian economics with a brief history of Keynes’s life.