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Keynes, Bentham and the Nature of Economics

  • Piero V. Mini

Abstract

In Chapter 1 we noted how throughout the nineteenth century Jeremy Bentham was the focus of criticism from such different thinkers as Carlyle and Ruskin, Arnold and Morris, and from the pedagogists and dons who laid out the philosophy of responsibility at Eton and Cambridge. In this chapter we will see that Keynes, too, was a critic of Bentham, speaking from an economic and a cultural perspective.

Keywords

General Theory Human Nature Ordinary Language Stylise Ideal Animal Spirit 
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Notes

  1. 1.
    Letter to Duncan Grant of December 1917, in Robert Skidelsky, John Maynard Keynes: Hopes Betrayed, 1883–1920 (London, 1983) p. 319.Google Scholar
  2. 4.
    John Stuart Mill, On Bentham and Coleridge, with an introduction by F. R. Leavis (London, 1950) p. 59.Google Scholar
  3. 7.
    John Maynard Keynes, ‘My Early Beliefs’ (1938), in The Collected Writings of John Maynard Keynes, vol. x (Cambridge, 1971–9) pp. 445–6Google Scholar
  4. 13.
    Karl Marx, Capital: A Critique of Political Economy, vol. I (New York, 1967) p. 176.Google Scholar
  5. 14.
    John Maynard Keynes, ‘The Economic Possibilities for Our Grandchildren’ (1928), in Collected Writings, vol. ix, p. 330. Emphasis as in the original.Google Scholar
  6. 15.
    John Maynard Keynes, ‘Clissold’ (1927), in Collected Writings, vol. ix, p. 320.Google Scholar
  7. 16.
    John Maynard Keynes, ‘A Short View of Russia’ (1925), in Collected Writings, vol. ix, pp. 259–60 and 261.Google Scholar
  8. 19.
    John Maynard Keynes, Collected Writings, vol. xiii, p. 243 (from a 1931 notation made by Keynes on his copy of the issue of Economica, containing Professor F. A. Von Hayek’s review of the Treatise on Money).Google Scholar
  9. 20.
    John Maynard Keynes, Collected Writings, vol. xxix, p. 36 (from ‘Notes on Fundamental Terminology’ made for lectures given at Cambridge in 1932).Google Scholar
  10. 25.
    Keynes, Collected Writings, vol. xiv, p. 286 (letter to R. Tyler, 23 August 1938).Google Scholar
  11. 35.
    Johannes J. Klant, ‘The Slippery Transition’, in Keynes’s Economics: Methodological Issues, ed. T. Lawson and H. Pesaran (Armock, 1984) pp. 90–1.Google Scholar
  12. 36.
    Hashem Pesaran and Ron Smith, ‘Keynes on Economics’, in Keynes’ Econometrics: Methodological Issues, ed. T. Lawson and H. Pesaran (Armock, 1984 ) p. 148.Google Scholar
  13. 37.
    Keynes, Collected Writings, vol. xiv, p. 296 (letter to Roy Harrod, 4 July 1938).Google Scholar
  14. 42.
    John Maynard Keynes, ‘Francis Ysidro Edgeworth’ (1926), in Collected Writings, vol. x, p. 262.Google Scholar
  15. 43.
    Keynes, Collected Writings, vol. xiv, p. 299 (letter to Roy Harrod, 16 July 1938). Emphasis added.Google Scholar
  16. 45.
    John Maynard Keynes, ‘Bernard Shaw and Isaac Newton’ (1946), in Collected Writings, vol. x, p. 378.Google Scholar
  17. 46.
    Keynes, Collected Writings, vol. xiv, pp. 297 and 300 (from letters to Roy Harrod, 4 and 16 July 1938).Google Scholar

Copyright information

© Piero V. Mini 1991

Authors and Affiliations

  • Piero V. Mini
    • 1
  1. 1.Bryant CollegeRhode IslandUSA

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