Rare autograph manuscript, one page, lightly lined, 8.5 x 11, signed at the top. A copiously hand-corrected second page from a draft of the 1983 essay The Keynes Centenary: A Monetarist Reflects, in part: “‘Rereading the General Theory has not only reinforced my confidence in the validity of the interpretation (of the ‘Keynesian challenge to the quantity theory’) in my article; much more important, it has also reminded me what a great economist Keynes was & how much more I sympathize with his approach & aims than with those of many of his followers.’ While the General Theory is a great book, I do not regard it as Keynes’s best, precisely because, despite its brilliance, it records an unsuccessful experiment. Had the General Theory never been written, Keynes would nevertheless have deservedly been regarded as one of the great economists of all time—to be listed in the pantheon of great British economists along with Adam Smith, David Ricardo, John Stuart Mill, William Stanley Jevons, & Alfred Marshall.” In fine condition, with staple holes to upper left. An exceptional working draft, not only commending the masterwork of his greatest rival, but also adding Keynes to a short list of Britain’s most influential freethinking economists. Pre-certified PSA/DNA.
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