ADVANTAGES

At this stage, Keynes's economics was largely conventional . Politically attached to the Liberal Party since his undergraduate days, Keynes was thoroughly orthodox in his ideas and policy positions - the gold standard (initially), the quantity theory,,free trade, etc. - even more conservative than Pigou, who was then pushing economics into the socially activist realm via welfare theory. On the other hand, Keynes was a bit of a novice - disinterested, Keynes had read very little on the topic outside of Marshall's , before he began teaching it. Keynes's education as an economist really began while editor of the , when he was forced to read the economics papers falling on his desk, and acquiring in that unique way a deeper and wider knowledge of the field..

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