The End of Laissez-Faire

John Maynard Keynes, The End of Laissez-Faire. London : Hogarth Press, 1926.

Was twentieth-century economics born in Bloomsbury ? The theories of John Maynard Keynes, especially on the intervention of the state into private markets and the importance of buying power to economic stability and growth, profoundly changed economic thought and procedure. Keynes was a major influence on British and American economic policy during the Great Depression and thereafter. However, he was not the only economic thinker in the group. Leonard Woolf worked in the British government and wrote on socialism, the economics of British imperialism, and economic policy, and applications of economic theory can be found in the fiction and essays of other group members, as well.

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Last modified December 18, 2008 9:12:35 AM EST