Tag: Keynes

Keynes thought he was ugly. What does that mean for political theory?

Throughout his life, John Maynard Keynes was plagued by the thought that he was ugly. In his diary, Keynes’s father notes that his six-year-old son “thinks no one ever was quite so ugly.” When he was 23, Keynes complained to Lytton Strachey that “I have always suffered and I suppose always will from a most unalterable obsession that I am so physically repulsive….The idea is so fixed and constant that I don’t think anything—certainly no argument—could ever shake it.” Keynes didn’t lack for sexual partners. He kept a detailed list of his sexual experiences, and it’s long. Nor was he an unhappy person, prone to self-doubt. He was just convinced that he was ugly. Interestingly, his lack of confidence in […]

Economics is how we moderns do politics

Burke, Reflections on the Revolution in France:  Society…is a partnership in all science; a partnership in all art; a partnership in every virtue, and in all perfection. As the ends of such a partnership cannot be obtained in many generations, it becomes a partnership not only between those who are living, but between those who are living, those who are dead, and those who are to be born. Each contract of each particular state is but a clause in the great primæval contract of eternal society… Keynes, The General Theory of Employment, Interest and Money: Money in its significant attributes is, above all, a subtle device for linking the present to the future.