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      William Collins

      An imprint of HarperCollins Publishers,

      1 London Bridge Street

      London SE1 9GF

       www.WilliamCollinsBooks.com

      First published in Great Britain by William Collins in 2015

      Copyright © Richard Davenport-Hines 2015

      Richard Davenport-Hines asserts the moral right

      to be identified as the author of this work

      A catalogue record for this book is

      available from the British Library

      Cover photograph © Private Collection/Roger-Viollet, Paris/Bridgeman Images

      Designed by Kate Gaughran

      All rights reserved under International and Pan-American Copyright Conventions. By payment of the required fees, you have been granted the non-exclusive, non-transferable right to access and read the text of this e-book on screen. No part of this text may be reproduced, transmitted, down-loaded, decompiled, reverse engineered, or stored in or introduced into any information storage retrieval system, in any form or by any means, whether electronic or mechanical, now known or hereinafter invented, without the express written permission of HarperCollins.

      Source ISBN: 9780007519804

      Ebook Edition © March 2015 ISBN: 9780007519811

      Version: 2015-09-15

      For Selina Hastings and Jonno Keates and again to the gentle memory of Cosmo Davenport-Hines

      Good work is not done by ‘humble’ men. It is one of the first duties of a professor, for example, in any subject, to exaggerate a little both the importance of his subject and his own importance in it. A man who is always asking ‘Is what I do worthwhile?’ and ‘Am I the right person to do it?’ will always be ineffective himself and a discouragement to others. He must shut his eyes a little, and think a little more of his subject and himself than they deserve.

      G. H. Hardy

      It is, I think, of the essential nature of economic exposition that it gives, not a complete statement, which, even if it were possible, would be prolix and complicated to the point of obscurity but a sample statement, so to speak, out of all the things which could be said, intended to suggest to the reader the whole bundle of associated ideas, so that, if he catches the bundle, he will not in the least be confused by the technical incompleteness of the mere words which the author has written down … This means, on the one hand, that an economic writer requires from his reader much goodwill and intelligence and a large measure of co-operation; and, on the other hand, that there are a thousand futile, yet verbally legitimate, objections which an objector can raise. In economics you cannot convict your opponent of error – you can only convince him of it.

      Maynard Keynes

      What do we do? What is the remedy? It would be most inappropriate for me to stand up here and tell you what Keynes would have thought. Goodness knows he would have thought of something much cleverer than I can think of.

      Roy Harrod

      Contents

       Cover

       Title Page

       Copyright

       Dedication

       Epigraph

       List of Illustrations

       Chapter 1: Altruist

       Chapter 2: Boy Prodigy

       Chapter 3: Official

       Chapter 4: Public Man

       Chapter 5: Lover

       Chapter 6: Connoisseur

       Chapter 7: Envoy

       Acknowledgements

       Notes

       Index

       Also by Richard Davenport-Hines

       About the Author

       About the Publisher

      1: Maynard Keynes as a figure of intellectual authority and cultural benevolence, surrounded by rare books in his Bloomsbury house. (Tim Gidal/Picture Post/Getty Images)

      2: Keynes, aged about fourteen, shortly before starting at Eton, where he won most school prizes and learnt the rudiments of statecraft. (Archives Centre, King’s College, Cambridge; by kind permission of Susannah Burn)

      3: ‘The peerless Maynard’ was by his mid-thirties chief of the Treasury department responsible for the London government’s external finances and inter-Allied finance. (Archives Centre, King’s College, Cambridge)

      4: Keynes attended the Genoa Conference, which was charged with the conciliation of European capitalism with Russian communism, as special correspondent of the Manchester Guardian. (Private Collection/© Leemage/Bridgeman Images)

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