The Elgar Companion to John Maynard Keynes
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The Elgar Companion to John Maynard Keynes

Edited by Robert W. Dimand and Harald Hagemann

The most influential and controversial economist of the twentieth century, John Maynard Keynes was the leading founder of modern macroeconomics, and was also an important historical figure as a critic of the Versailles Peace Treaty after World War I and an architect of the Bretton Woods international monetary system after World War II. This comprehensive Companion elucidates his contributions, his significance, his historical context and his continuing legacy.
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Chapter 17: John Atkinson Hobson

John King

Abstract

John Atkinson Hobson was a lifelong economic heretic whose early writings on the theory of economic crises anticipated some of the principal arguments of Keynes’s mature macroeconomics. Initially highly critical of Hobson, Keynes drew closer to him in the early 1930s and commented favourably and at some length on his work in chapter 23 of the General Theory.

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