The Keynesian Revolution: A new biography of John Maynard Keynes
I think Keynes was misunderstood massively like Karl Marx.<p>Marx said &quot;I am not a Marxist&quot; when he saw his ideas being put into a something bordering a religious teaching.<p>And later, I think, Keynes was rather unsettled with how his works been used to legitimise a new maxim &quot;government can print money out of thin air,&quot; from an inverse of what dominated US economic thinking before him. It was not his idea at all.<p>Beyond simply affirming that aggregate demand thing exists, and that a lot things in economy spin around it, he did not produce a religious edict on how to run a government monetary policy.<p>If he saw Keynesianists today, he would feel rather disappointed.