Biography of an Idea: John Maynard Keynes and the General Theory of Employment, Interest and Money

The culmination of John Maynard Keynes's thought and lifework was The General Theory of Employment, Interest and Money. Here, placing it in the context of his era, David Felix examines the evolution of Keynes's theorizing. He boldly claims that The General Theory lacks logical and factual support as pure theory, but is an achievement of great statesmanship in political economy.

Felix argues that Keynes's ideas have misled successive generations of students and practitioners. He suggests that...