John Maynard Keynes: 1883-1946: Economist, Philosopher, Statesman

by Robert Skidelsky

Book Overview

THE DEFINITIVE SINGLE-VOLUME BIOGRAPHY Robert Skidelsky's three-volume biography of John Maynard Keynes has been acclaimed as the authoritative account of the great economist-statesman's life. Here, Skidelsky has revised and abridged his magnum opus into one definitive book, which examines in its entirety the intellectual and ideological journey that led an extraordinarily gifted young man to concern himself with the practical problems of an age overshadowed...

• Format: Paperback
• Language: English
• ISBN: 0143036157
• ISBN13: 9780143036159
• Release Date: August 2005
• Publisher: Penguin Books
• Length: 1104 Pages
• Weight: 2.03 lbs.
• Dimensions: 1.8" x 5.5" x 8.4"
• Age Range: 18 years and up
• Grade Range: Postsecondary and higher

Customer Reviews

Comprehensive biography of Keynes

This tome (including more than 100 pages of notes and indices) is an abridgment of author Robert Skidelsky's original three-volume biography of John Maynard Keynes. It is in all respects an extraordinary work. The author offers a portrait of Keynes not only as an economist but also as a philosopher and a statesman. He does not segregate these three dimensions, but rather shows how they interpenetrate and inform each other. He sets Keynes in the context of his time and circumstances. Skidelsky is unsparing in his treatment of the inconsistencies and contradictions in Keynes' life and character, but he is fair and balanced; he avoids sensationalism even in the treatment of the sensational. getAbstract finds that this book merits multiple readings and should intrigue not only economists but also anyone interested in the ideas and events of the 20th century.

A fitting tribute to one of the greatest thinkers of all time

Anyone who has taken a course in macroeconomics knows who Keynes is. Economics is full of camps, conflicting doctrines, feuds, rivalries, etc. Keynes was unique in that, unlike other economists who are indoctrinated or are in love with a theory, he was never scared of giving up an idea that did not work. If one was to read his "Tract on Monetary Reform" one might be fooled into thinking that it was Milton Friedman that was writing and not the J.M Keynes who revolutionized economic thought with his General Theory. This pragmatism is what sets Keynes apart from every other economist. But why Keynes was so different from others is something students never learn. This biography does an admirable job of tracing Keynes' upbringing, his education, career, and contributions in the light of circumstances that Keynes lived through and shaped his ideas. It is also full of nuggets about Keynes' idiosyncracies which humanizes the biography and shows the real person behind the aura. The book is long, but 63 years of action-packed life requires such detail. The Chinese say, May we live in interesting times. Keynes certainly lived in interesting times with the result that this book is just as interesting.

An excellent,nontechnical biography of J M Keynes

This book is Skidelsky's one volume abridged version of his previous three volume biography(1983,1992,2000)on J M Keynes.Skidelsky successfully weaves all of the different aspects and strands(personal,familial,historical,social,political,economic) of Keynes's life into a beautifully constructed historical tapestry that will keep the reader's attention from the first page to the last.All of the different talents Keynes possessed and displayed during his lifetime come alive on the pages of this book.Skidelsky is the master of his material as long as he concentrates on the vast nontechnical aspects of the life of his subject.Skidelsky has clearly mastered the historical and chronological events and interrelationships that occurred during Keynes's life. Unfortunately,Skidelsky does not have the necessary formal training in mathematics,logic,statistics or probability in order to properly understand or assess any of those parts of Keynes's scholarship that involves the use of formal logical and mathematicalmethods or analysis.These technical deficiencies in Skidelsky's academic training are the main defect,not only in this book but in the entire corpus of Skidelsky's writings on Keynes going back over 30 years.I will concentrate on Skidelsky's error filled statements concerning Keynes's A Treatise on Probability(1921;TP) and the logical theory of probability.On p.95,Skidelsky conflates the principle of indifference(poi) with the principle of insufficient reason.They are not the same.Keynes's poi requires a balance or symmetry of the relevant,available evidence or factors involved before equiprobabilities are assigned.The poi can't be applied if there is no relevant evidence.Advocates of the principle of insufficient reason,on the other hand, argue that equiprobabilities can be applied in states where no relevant evidence exists.Keynes always rejected this kind of reasoning.Skidelsky bases his assessment of Keynes's logical theory of probability on the error filled work of A. Carabelli and R.O'Donnell.Carabelli and O'Donnell base their assessments of the TP on four sources:1)Keynes's introductory guide to the measurement of probability in chapter III of the TP;2)F. Ramsey's 1922 book review of the TP in The Cambridge Magazine;3)F.Ramsey's 1926 book review of the TP in his article,"Truth and Probability",published in 1931 in a book of articles;and 4)Keynes's 4 page eulogy and very brief review of the book in 1931.In chapter III,Keynes had already made it clear to the alert reader,who had a mind of his/her own (and would not ape the preposterous ,nonsensical claims made by F. Ramsey that by nonnumerical and nonmeasurable Keynes meant that numbers could not be used in general to estimate probabilities,i.e.,that Keynesian probabilities were like a surveyor assigning nonnumerical heights to a mountain hidden in the mist)that the vast majority of Keynesian probabilities used in common discours