The New Palgrave Dictionary of Economics

2018 Edition
| Editors: Macmillan Publishers Ltd

Keynes, John Maynard (New Perspectives)

  • Roger E. Backhouse
  • Bradley W. Bateman
Reference work entry
DOI: https://doi.org/10.1057/978-1-349-95189-5_2103

Abstract

Since Don Patinkin’s article on Keynes appeared in the first edition of The New Palgrave, two major biographies have increased our understanding of Keynes’s life. There has developed a large literature on the relation between his work on probability and his involvement in the Bloomsbury group, and the relation to both of these to his economics. This article reviews and assesses that literature along with more recent work on his economics.

Keywords

Aggregate demand Behaviourial economics Clarke, P. F. Expectations Forced saving Gold standard Harrod, R. F. Induction Inflation International Monetary Fund Keynes and Bloomsbury Keynes and philosophy Keynes, J. M. Liberalism Liquidity preference Meade, J. E. Mill, J. S. Moggridge, D. Moore, G. E. New Keynesian macroeconomics Ohlin, B. G. Patinkin, D. Pigou, A. C. Post Keynesian economics Probability Psychology and economics Public works Ramsey, F. P. Robertson, D. Rules of conduct Skidelsky, R. Statistics and economics Stone, J. R. N. Subjective probability Uncertainty Unemployment Utilitarianism Utility maximization 

JEL Classifications

B31 
This is a preview of subscription content, log in to check access.

Bibliography

  1. Backhouse, R.E., and B.W. Bateman. 2006. The Cambridge companion to Keynes. Cambridge: Cambridge University Press.CrossRefGoogle Scholar
  2. Backhouse, R.E., and B.W. Bateman. 2008. Whose Keynes? In Keynes’s general theory: A reconsideration after seventy years, ed. R.W. Dimand, R. Mundell, and A. Vercelli. London/Basingstoke: Palgrave Macmillan for the International Economic Association.Google Scholar
  3. Baldwin, T. 2006. Keynes and ethics. In Backhouse, and Bateman.Google Scholar
  4. Bateman, B.W. 1987. Keynes’s changing conception of probability. Economics and Philosophy 3: 97–120.CrossRefGoogle Scholar
  5. Bateman, B.W. 1988. G.E Moore and J.M Keynes: A missing chapter in the history of the expected utility model. American Economic Review 78: 1098–1106.Google Scholar
  6. Bateman, B.W. 1990. Keynes, induction and econometrics. History of Political Economy 22: 359–379.CrossRefGoogle Scholar
  7. Bateman, B.W. 1996. Keynes’s uncertain revolution. Ann Arbor: University of Michigan Press.Google Scholar
  8. Blaug, M. 1994. Recent biographies of Keynes. Journal of Economic Literature 32: 1204–1215.Google Scholar
  9. Carabelli, A. 1988. On Keynes’ method. London: Macmillan.CrossRefGoogle Scholar
  10. Chick, V. 1983. Macroeconomics after Keynes. Deddington: Philip Allan.Google Scholar
  11. Clarke, P. 1988. The Keynesian revolution in the making, 1924–1936. Oxford: Clarendon Press.Google Scholar
  12. Clarke, P. 1998. The Keynesian revolution and its economic consequences. Cheltenham: Edward Elgar.Google Scholar
  13. Davidson, P. 1972. Money and the real world. London: Macmillan.Google Scholar
  14. Davis, J.B. 1994. Keynes’s philosophical development. Cambridge: Cambridge University Press.CrossRefGoogle Scholar
  15. Dimand, R.W. 1988. The origins of the Keynesian revolution. Aldershot: Edward Elgar.Google Scholar
  16. Dimand, R.W. 1993. Review of Moggridge (1992) and Skidelsky (1992). Canadian Journal of Economics 26: 993–999.CrossRefGoogle Scholar
  17. Dostaler, G. 2007. Keynes and his battles. Cheltenham: Edward Elgar.CrossRefGoogle Scholar
  18. Felix, D. 1999. Keynes: A critical life. Westport: Greenwood Press.Google Scholar
  19. Gillies, D. 2006. Keynes and probability. In Backhouse, and Bateman.Google Scholar
  20. Gillies, D.A., and G. Ietto-Gillies. 1991. Intersubjective probability and economics. Review of Political Economy 3: 393–417.CrossRefGoogle Scholar
  21. Goodwin, C.D.W. 1998. Art and the market: Roger Fry on commerce in art. Ann Arbor: University of Michigan Press.Google Scholar
  22. Goodwin, C.D.W. 2006. The art of an ethical life: Keynes and Bloomsbury. In Backhouse, and Bateman.Google Scholar
  23. Harcourt, G.C., and P.A. Riach. 1997. A ‘second edition’ of the general theory, 2 vols. London: Routledge.Google Scholar
  24. Harrod, R. 1951. The life of John Maynard Keynes. London: Macmillan.Google Scholar
  25. Hession, C. 1984. John Maynard Keynes: A personal biography of the man who revolutionized capitalism and the way we live. New York: Macmillan.Google Scholar
  26. Hill, P., and R. Keynes. 1989. Lydia and Maynard: Letters between Lydia Lopokova and John Maynard Keynes. London: Andre Deutsch.Google Scholar
  27. Hoover, K.D. 2006. Doctor Keynes: Economic theory in a diagnostic science. In Backhouse, and Bateman.Google Scholar
  28. JMK (John Maynard Keynes). 1971–89. The collected writings of John Maynard Keynes, ed. A. Robinson, and D. Moggridge, 30 vols. London: Macmillan for the Royal Economic Society.Google Scholar
  29. Johnson, E. 1960. Keynes’ attitude to compulsory military service. Economic Journal 70: 160–165.CrossRefGoogle Scholar
  30. King, J.E. 2002. A history of post Keynesian economics since 1936. Cheltenham: Edward Elgar.Google Scholar
  31. Laidler, D.W. 1999. Fabricating the Keynesian revolution: Studies of the inter-war literature on money, the cycle, and unemployment. Cambridge: Cambridge University Press.Google Scholar
  32. Laidler, D.W. 2002. Skidelsky’s Keynes: A review essay. European Journal of the History of Economic Thought 9: 97–110.CrossRefGoogle Scholar
  33. Lawlor, M.S. 2006. The economics of Keynes in historical context: An intellectual history of the general theory. Basingstoke: Palgrave.CrossRefGoogle Scholar
  34. Leijonhufvud, A. 2006. Keynes as a Marshallian. In Backhouse, and Bateman.Google Scholar
  35. Littleboy, B. 1991. On interpreting Keynes: A study in reconciliation. London: Routledge.CrossRefGoogle Scholar
  36. Meltzer, A. 1988. Keynes’s monetary theory: A different interpretation. Cambridge: Cambridge University Press.Google Scholar
  37. Moggridge, D.E. 1976. Keynes. London: Fontana.CrossRefGoogle Scholar
  38. Moggridge, D.E. 1992. Maynard Keynes: An economist’s biography. London: Routledge.Google Scholar
  39. Moggridge, D.E. 2002. Rescuing Keynes from the economists? The Skidelsky trilogy. European Journal of the History of Economic Thought 9: 111–123.CrossRefGoogle Scholar
  40. Moore, G.E. 1903. Principia ethica. Cambridge: Cambridge University Press.Google Scholar
  41. Moore, G.E. 1912. Ethics. Oxford: Oxford University Press.Google Scholar
  42. Mundell, R. 2008. Keynes and the international monetary system from Indian currency and finance to the IMF. In Keynes’s general theory: A reconsideration after seventy years, ed. R.W. Dimand, R. Mundell, and A. Vercelli. London/Basingstoke: Palgrave Macmillan for the International Economic Association.Google Scholar
  43. O’Donnell, R.M. 1989. Keynes: Philosophy, economics and politics. London: Macmillan.CrossRefGoogle Scholar
  44. Patinkin, D. 1956. Money, interest and prices. Evanston: Row, Peterson.Google Scholar
  45. Ramsey, F.P. 1931. In The foundations of mathematics and other logical essays, ed. R.B. Braithwaite. London: Routledge & Kegan Paul.Google Scholar
  46. Robertson, D.H. 1926. Banking policy and the price level. London: Macmillan.Google Scholar
  47. Shackle, G.L.S. 1972. Epistemics and economics. Cambridge: Cambridge University Press.Google Scholar
  48. Shackle, G.L.S. 1974. Keynesian kaleidics. Edinburgh: Edinburgh University Press.Google Scholar
  49. Skidelsky, R. 1983. John Maynard Keynes, Hopes betrayed, 1883–1920, vol. 1. London: Macmillan.Google Scholar
  50. Skidelsky, R. 1992. John Maynard Keynes, The economist as saviour, 1920–1937, vol. 2. London: Macmillan.Google Scholar
  51. Skidelsky, R. 1996. Keynes. Oxford: Oxford University Press.Google Scholar
  52. Skidelsky, R. 2000. John Maynard Keynes, Fighting for Britain, 1937–1946, vol. 3. London: Macmillan.Google Scholar
  53. Skidelsky, R. 2003. John Maynard Keynes, 1883–1946: Economist, philosopher, statesman. London: Macmillan.Google Scholar
  54. Westall, O.M. 1992. The Provincial Insurance Company, 1903–38: Family, markets, and competitive growth. Manchester: Manchester University Press.Google Scholar
  55. Young, W. 1987. Interpreting Mr Keynes: The IS–LM enigma. Boulder: Westview Press.Google Scholar

Copyright information

© Macmillan Publishers Ltd. 2018

Authors and Affiliations

  • Roger E. Backhouse
    • 1
  • Bradley W. Bateman
    • 1
  1. 1.