ABSTRACT

Since 1971 the Royal Economic Society, which Keynes served as secretary and editor of the Economic Journal during almost all his professional career, has been issuing with all deliberate speed two or three volumes in most years of Keynes's collected writings, so far as they pertain even tangentially to economics. The critics, friendly or malicious, miss the thread of consistency that runs through Keynes's policy recommendations over time and topic. As an activist, Keynes sought the same ends: prosperity, growth, and high employment by whatever means shifting politics and economic circumstances seemed most likely to achieve them. In the context of Keynes's interventionist heresies, one should cite Keynes's services on the Macmillan Committee in 1929 and 1930. As a planner, partisan of the Bloomsbury vision of human bliss, and inveterate activist, Keynes was a man who, early and late, notwithstanding the evidence of folly that littered the political landscape, hewed to confidence in the eventual triumph of reason.