Prologue

D. E. Moggridge

Chapter 1 in Keynes, 1976, pp 13-26 from Palgrave Macmillan

Abstract: Abstract Keynes was a product of Victorian and Edwardian England. This fact helps to explain many of his characteristic attitudes and habits of thought. Surely in that age one could assume that prices and interest rates were relatively stable, when 1914 saw prices eleven per cent below the level of fifty years earlier and when the range of fluctuation of long-term interest rates over the same period had been between 2.5 and 3.4 per cent. Again, one might be forgiven for normally assuming that the government of Britain was in the hands of an intellectual elite in an age when voters could choose between H. H. Asquith and A. J. Balfour as to who would exercise responsibility for a small Civil Service dominated by a meritocracy recruited by competitive examination in subjects which only Oxford and Cambridge seemed able to teach.

Keywords: Conscientious Objection; Professional Economist; Intellectual Elite; Religious Doubt; Compulsory Military Service (search for similar items in EconPapers)
Date: 1976
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Persistent link: https://EconPapers.repec.org/RePEc:pal:palchp:978-1-349-16392-2_2

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DOI: 10.1007/978-1-349-16392-2_2

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