John maynard keynes

If you read books for a living, the calling probably started with a moment of utter entrancement: a novel you couldn’t bear to set down; a few unforgettable days, as Bleak House, Earthly Powers, The Woman in White or Titus Groan worked its unsuspected magic on its millionth reader. Such books are rarer these days, but they do still happen, and Francis Spufford’s Nonesuch is an absolute corker. Randall Jarrell once wistfully imagined a novel that would ‘bear up under the weight of hundreds of thousands of readers a plot that higher critics could call crude and that bewitched families could pad over in house slippers’. Nonesuch does the trick,

The Keynesian economist Nicholas Kaldor called Milton Friedman one of the two most evil men of the 20th century. (Friedman was in distinguished company.) The ‘scourge’ he inflicted on the world was monetarism, a product of what Kaldor called Friedman’s Big Lie – of which more later. Moral judgments aside, how does Friedman rank in the world of 20th-century economists? By common consent, he stands with Friedrich Hayek and John Maynard Keynes at the apex of his profession. All wrestled with the defining problem of their age: the radical economic and political instability of the 1920s and 1930s. Their responses reflected their national situations. Keynes, economically secure and confident in