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John Maynard Keynes

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Latest John Maynard Keynes articles

Beware rightwing economic myths such as ‘maxing out the nation’s credit card’ | Letters

Beware rightwing economic myths such as ‘maxing out the nation’s credit card’ | Letters

Readers respond to an article in which Larry Elliott argues that Andy Burnham must challenge neoliberal nostrums Larry Elliott’s column on the rightwing economic myths constraining Andy Burnham’s government should be required reading before John Healey’s budget ( Rightwing economic myths could derail Burnham’s project – to destroy them, look to Keynes, 1 October ). I spent 20 years trading bonds, and agree that the household budget analogy bears no relation to how the UK state finances itself. Parliament votes on the spending, the Treasury instructs the Bank of England, and the Bank credits accounts in the private sector. Taxes withdraw money afterwards. Continue reading...

Oct 7, 2026 · byThe Guardian
John Maynard Keynes: the cultured economist who governments turn to in a crisis

John Maynard Keynes: the cultured economist who governments turn to in a crisis

A new play about the art-loving Bloomsbury Group member speaks of the enduring battle of ideas with his free-market rival Friedrich Hayek The sound of guns from the advancing German armies could be heard clearly by John Maynard Keynes as his train trundled across northern France in the spring of 1918. The evidence of the struggle on the western front was everywhere but Keynes, then a Treasury official, was not heading to Paris on war business; he was off to buy some art. Keynes made the risky trip to attend an auction of the studio of Edgar Degas, who had died the previous year. The man who would become the foremost economist of the 20th century returned to London with some impressionist treasures for the National Gallery, having successfully petitioned the chancellor of the exchequer to spend £20,000 at the sale. Continue reading...

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Oct 2, 2026 · byThe Guardian
Rightwing economic myths could derail Burnham’s project – to destroy them, look to Keynes | Larry Elliott

Rightwing economic myths could derail Burnham’s project – to destroy them, look to Keynes | Larry Elliott

Borrowing can be good, there is no such thing as the ‘nation’s credit card’, and, yes, you can buck the markets – as previous governments have shown Andy Burnham does a nice line in nostalgia. His first party conference speech as prime minister was full of fond memories for the Britain of the 1950s and 1960s, when working-class families could sense their lives steadily getting better. The underlying message of his address was that, given time, he could rekindle that optimism and return the country to how it was before Margaret Thatcher wrecked everything. Much of what Burnham says is true. The 1980s was a decade of deindustrialisation, asset-stripping and financial deregulation that has shaped modern Britain – and not in a good way. Larry Elliott is a Guardian columnist Continue reading...

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Oct 1, 2026 · byThe Guardian
The Standard of Living review – Rory Kinnear has bags of charm as Bloomsbury economist Keynes

The Standard of Living review – Rory Kinnear has bags of charm as Bloomsbury economist Keynes

Theatre Royal Haymarket, London James Graham’s high-wire writing brings economic theory to life and connects it with art and fulfilment in this polished, ravishingly staged story of John Maynard Keynes Not everyone will know that the Bloomsbury group had a jobbing economist among them. One with superstar status and a firm belief in capitalism. John Maynard Keynes (Rory Kinnear) may not have cut a very bohemian picture in his three-piece suit but the foremost thinker of economic policy in 20th century Britain was also a card-carrying art lover, avant-gardist and bisexual who had affairs with Lytton Strachey and Duncan Grant, hanging out with the gang at their nerve-centre in Charleston. He played with equal amounts of old-school reserve, and charm, by Kinnear, as state-of-the-nation writer, James Graham, audaciously brings economic theory to the West End. The high-wire act of the subject matter is leavened by Graham’s remarkable facility to balance British social history and complex political ideas with speed, sparkle and a humorous lightness of touch. Continue reading...

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Sep 29, 2026 · byThe Guardian
French driver Isack Hadjar to remain at Red Bull in 2027

French driver Isack Hadjar to remain at Red Bull in 2027

BAKU: Frenchman Isack Hadjar will continue to drive alongside four-time world champion Max Verstappen in ‌an unchanged line-up at Red Bull next season, the Formula One team said on Wednesday. The 21-year-old, who stepped up to the championship-winning team this year after an impressive debut season with Racing Bulls, has ⁠scored points in 8 of the 11 races he has taken part in, including a third-place finish in Monaco. Hadjar, eighth in the overall standings ‌with 71 points, missed the last three races with a wrist injury but is set to make his ‌comeback at this weekend's Azerbaijan Grand Prix. "We're ‌very excited to continue our journey with Isack," ‌said team principal Laurent ‌Mekies in a statement. "Since joining us at the start of the year, he has ‌been superb on and off track, especially ⁠considering this is only his second Formula One season, which made extending his contract an easy decision." Hadjar's contract extension ⁠comes after ⁠Red Bull agreed a new deal with Verstappen last month. The Dutchman is set to stay at the ⁠Milton Keynes-based outfit until the end of 2030. "From the moment I signed, I set out to dedicate myself to the team, and with the support of Laurent and everyone in Milton Keynes, I've ‌been able to justify the faith they've had in me," said Hadjar. "I'm constantly looking to listen, learn and push myself further every single day, which only makes me more excited about what lies ahead," he added.

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Sep 23, 2026 · byMobile Business
The Guardian view on Keynes in the West End: James Graham’s latest play captures the zeitgeist | Editorial

The Guardian view on Keynes in the West End: James Graham’s latest play captures the zeitgeist | Editorial

As the chancellor, John Healey, ponders options ahead of his first budget, the playwright’s new work offers lessons from the past Still only 44, James Graham has become a formidable chronicler of our national story. On themes such as the rise of Rupert Murdoch , social upheaval in post-industrial Britain and the neuroses of the England men’s football team, the playwright and screenwriter has made it his vocation to read the signs of our times and write them up for the stage. Graham’s new play goes a bit further back in history, but its subject matter is characteristically of the moment. Opening this week in the West End, The Standard of Living offers a portrait of the sentimental and intellectual passions of John Maynard Keynes (played by Rory Kinnear), as the great economist makes his name between the first and second world wars. As Keynes rails against the laissez-faire ethos of the age, he seeks to devise a theory of growth that justifies state intervention on people’s behalf in the wake of the Great Depression. Do you have an opinion on the issues raised in this article? If you would like to submit a response of up to 300 words by email to be considered for publication in our letters section, please click here . Continue reading...

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Sep 22, 2026 · byThe Guardian
‘I cried. I shook’: Royal Ballet’s Natalia Osipova on making her fearsome, foul-mouthed acting debut

‘I cried. I shook’: Royal Ballet’s Natalia Osipova on making her fearsome, foul-mouthed acting debut

Osipova plays the wife of formerly gay economist John Maynard Keynes in a new play. The ballerina talks about the allure of her Russian character, dismissed as a ‘frivolous, foghorn of a chorus girl’ When Natalia Osipova started rehearsals for her first ever play, it didn’t go well. “I cry. I’m shaking. I’m stressed and completely lost on the first day,” she reports. “I think, ‘I’m a piece of shit!’ I want to take a taxi and run away.” It’s the second week of rehearsals when we meet, and Osipova is still here. The Royal Ballet principal plays a Russian ballerina from a previous age: Lydia Lopokova , who danced with Diaghilev’s Ballets Russes, then in 1925 unexpectedly married British economist John Maynard Keynes, who is the protagonist of James Graham’s The Standard of Living – a play about, among other things, taking risks and imagining a brave new future. Acting is central to ballet’s appeal for Osipova. “Maybe I’ll never be super perfect for classical ballet because I love stories so much,” she says. Even so, she demurred when former colleague Edward Watson suggested she audition. “You’re stupid!” was his retort. “You need to try because it’s amazing opportunity.” A delicate silver necklace shines beneath frank brown eyes. Osipova requested a translator in our previous interviews, but today speaks in an idiosyncratic gallop not unlike Lopokova’s own. Entering Nicholas Hytner’s rehearsal room, joining a classy cast led by Rory Kinnear, she felt like Lydia among Keynes’s sneery Bloomsbury friends. “I left rehearsal and cried,” she says, “because I feel, ‘Oh my god, I’m so bad.’ But you learn and listen and every day, step by step, I do better.” Continue reading...

Sep 22, 2026 · byThe Guardian
Top five roles on Motorsport Jobs this week

Top five roles on Motorsport Jobs this week

Racing Bulls F1 Team - Industrial Placement Programme, 2027/28 - Milton Keynes The Racing Bulls Formula 1 Team has the opportunity for Industrial Placement Programmes in 2027/28. This 13 month placement starting in July 2027 in Milton Keynes, UK will cover the following areas: Aerodynamic Development, CFD Methodology, Data Science, Race Strategy, Simulation & Modelling, Race Engineering ... Keep reading

Sep 15, 2026 · byAutosport