Author: John Maynard Keynes

John Maynard Keynes was a renowned economist whose theories were largely shaped by his experience during the Paris peace conference, following the end of World War I. By the 1930s, his theories would upend neoclassical presumptions, although they made a return starting in the 1970s.

The power to become habituated to his surroundings is a marked characteristic of mankind. Very few of us realise with conviction the intensely unusual, unstable, complicated, unreliable, temporary nature of the economic organisation by which Western Europe has lived for the last half century.  (More…)