“The book, as it stands, seems to me to be one of the most frightful muddles I have ever read, with scarcely a sound proposition in it beginning with page 45 [Hayek provided historical background up to page 45; after that came his theoretical model], and yet it remains a book of some interest, which is likely to leave its mark on the mind of the reader. It is an extraordinary example of how, starting with a mistake, a remorseless logician can end up in bedlam.”
Quote by John Maynard Keynes
Work
The Collected Writings of John Maynard Keynes: The general theory and after: pt. 1, Preparation
The book is a compilation of Keynes' early economic essays and research, providing insight into his intellectual development and the conceptual groundwork for his influential economic theories. It includes his initial thoughts and analyses that contributed to the formulation of The General Theory, which revolutionized economic thought and policy-making. more
Author
John Maynard Keynes
John Maynard Keynes, born on June 5, 1883, was a prominent British economist whose work had a profound impact on the field of economics, particularly in the area of macroeconomics. His theories advocating for government intervention to stabilize the economy gained widespread application during the Great Depression of the 1930s. more
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