ABSTRACT
Keynes's writing of the Treatise on Money was interwoven with his untiring efforts to make policy, the treatise itself to serve as its theoretical rationale. As early as 1923, Keynes had been emphasizing the dreary importance of unemployment and the need to do something about it. Earlier in 1926 Keynes engaged himself in a more appropriate action, a major effort by the Liberals to work both their own and the British economy's revival. After more than a year of wide and possibly deep study, the Liberal Industrial Inquiry, which included many members of the Grasmere group, produced the thick book, Britain's Industrial Future, in January 1928. On 1 March Lloyd George, at a meeting of Liberal Members of Parliament and candidates, pledged that the public-works projects he had in mind would reduce the number of unemployed by as much as 586,000 in a year.
