Maynard Keynes: An Economist's Biography by Donal Moggridge

By Donal Moggridge

In line with an intimate wisdom of the topic and his atmosphere, this biography of the main influential economist of the 20th century lines Keynes' occupation on all its many degrees. From educational Cambridge, to creative Bloomsbury, to legitimate Whitehall and to town, we see the highbrow roots of Keynes' achievements and screw ups. We additionally see how he left his mark at the smooth global.

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14) in 1894. Thereafter, recovery was slow: even in 1911–13 corn prices averaged only 32s. 8d. 63) per quarter. Falling agricultural prices dramatically affected the incomes of the Colleges, 6 FOREBEARS AND CHILDHOOD thereby creating the risk that the 1882 scheme for University finance, which was fixed in nominal terms, would harm the Colleges. 10 As a result, the University postponed the date on which the full operation of the 1882 financial arrangement would begin—eventually until 1906, a decade later than originally envisaged.

At the same time, Florence Keynes was moving out of the home and into the world of voluntary work and social services. This movement was at first a case of taking classes and addressing mothers’ meetings, but she soon became heavily involved in more organised affairs. By 1890 she had joined the Cambridge Association for the Care of Girls, the local branch of the National Association for Physical Education and Improvement and the local Charity Organisation Society which, under Sidgwick’s leadership, had evolved from a much older Mendicity Society in 1879.

This was the pattern of his parents’ lives outside 6 Harvey Road during Maynard’s early years. Inside that three-storied structure of dull, yellowish brick, or ‘corpse brick’ as the children called it, life was comfortable but, despite Neville Keynes’s upper-middle-class income of well over £1,000 per annum from his various posts plus his inheritance, hardly grand. For one thing, with three living-in servants and, later, a governess for the children, plus extra help during Florence Keynes’s confinements, it was rather crowded.

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