The Heresies of John Maynard Keynes Summary and Analysis

In October, 1929, the stock market crash occurred. The result was, eventually, the Great Depression which resulted in massive unemployment and breadlines. Economic conditions kept worsening for the next several years. The nation began to look at the theories of John Maynard Keynes, the son of economist John Neville Keynes. Keynes received an appointment to a Royal Commission studying Indian currency problems after he published his first book, Indian Currency and Finance. Keynes serves at the Peace Conference at the end of World War I. He does not have a powerful position, but he is in attendance and feels that the negotiated peace will bring nothing but problems. He is so opposed to the peace terms and the huge German reparations payments that he resigns and writes The Economic Consequences of the...