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John Maynard Keynes is frequently mentioned in Money and Empire, where he stands out for his book on the Indian gold exchange standard and his highly informative and perceptive account of the crisis of 1914. Based on de Cecco's book, one may be induced to think that, before WWI, Keynes was an economist deeply involved in the public life of his country and the administration of the Empire. However, this contrasts with the young economist's image that has crystallised in the literature on Keynes. In the attempt to solve this contradiction, it is possible to show that the conventional image of the young Keynes is far from satisfactory. Moreover, even though Money and Empire is not altogether reliable in presenting Keynes's ideas, this old book by Marcello de Cecco may still have a significant contribution to give in the literature on Keynes.

Money and Empire as a Contribution to the Literature on Keynes. A Problem of Interpretation