Includes index.

Includes bibliographical references and index.

Introduction : why Keynes matters -- Keynes's legacy, 70 years later -- The three pillars of Keynes's doctrines -- Keynes under attack -- An education in economics -- Three signposts -- Fault lines in the American economy -- A half-century of aggregate demand and output -- The third signpost : employment and unemployment -- Types of unemployment -- Consumer demand and where it leads -- Connections -- The propensity to consume -- Money and liquidity-preference -- A web of relationships -- Trends -- Footnote on the spectrum of interest rates -- Investment demand and where it leads -- Investment supply : where the money comes from -- Investment demand : putting the money to work -- Expectations -- The rate of interest -- A digression on three types of price -- Four periods of economic activity -- What should the government be doing? -- American economic policy during the 1930s -- The travails of understanding government statistics -- External trade and its complications -- Did the deficits have any effect? -- Did Keynes get it right? -- Floating on an ocean of expectations -- The psychology of recession -- How do businesses grow? -- The psychology of recovery -- The prosperous years since 1945 -- Keynes the man -- Social class and the British : a digression -- The leap into the top 5 percent -- Act I : early promise, early fulfillment -- Act II : a continuous process of intellectual development -- Versailles and after -- Twenty years of guerilla infighting -- The troubles of the 1920s -- The Gold Standard and the forces of financial conservatism -- The Great Depression -- Keynes, England and the world -- An intimation of mortality -- The approach of World War Two -- Guru becomes man of action -- Keynes as Treasury ambassador -- Bringing an end to economic warfare -- The Employment Policy White Paper -- Keynes's last contribution -- Keynes the prophet.