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The master-economist must possess a rare combination of gifts .... He must be mathematician, historian, statesman, philosopher -- in some degree. He must understand symbols and speak in words. He must contemplate the particular, in terms of the general, and touch abstract and concrete in the same flight of thought. He must study the present in the light of the past for the purposes of the future. No part of man's nature or his institutions must be entirely outside his regard. He must be purposeful and disinterested in a simultaneous mood, as aloof and incorruptible as an artist, yet sometimes as near to earth as a politician.


John Maynard Keynes


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In the 1920s

Keynes had completed his A Treatise on Probability before the war but publiJohn Maynard Keynesd it in 1921. Aside from a few months spent on holidays with family and friends Keynes continued to involve himself with the university over the next two years.

In 1942 Keynes was awarded a hereditary peerage as Baron Keynes of Tilton in the County of Sussex. He advocated the use of fiscal and monetary measures to mitigate the adverse effects of economic recessions and depressions. Keynesian economics provided the theoretical underpinning for economic policies undertaken in response to the crisis by Presidents George W.

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