Journal of Economic Perspectives: Vol. 27 No. 3 (Summer 2013)


Quick Tools:

Print Article Summary
Export Citation
Sign up for Email Alerts Follow us on Twitter


JEP - All Issues

Retrospectives: John Maynard Keynes, Investment Innovator

Article Citation

Chambers, David, and Elroy Dimson. 2013. "Retrospectives: John Maynard Keynes, Investment Innovator." Journal of Economic Perspectives, 27(3): 213-28.

DOI: 10.1257/jep.27.3.213


John Maynard Keynes made a major contribution to the development of professional investment management. Based on detailed archival research at King's College, Cambridge, we describe Keynes' investment philosophy, his investment performance, and the evolution of his investment approach as the manager of a large educational endowment. His portfolios were actively managed and unconventional. He was an investment innovator both in making a substantial allocation to the then new institutional asset class of common stocks as well as in championing value investing.

Article Full-Text Access

Full-text Article (Complimentary)


Chambers, David (U Cambridge)
Dimson, Elroy (London Business School)

JEL Classifications

B31: History of Economic Thought: Individuals
G11: Portfolio Choice; Investment Decisions


View Comments on This Article (0) | Login to post a comment

Journal of Economic Perspectives

Quick Tools:

Sign up for Email Alerts

Follow us on Twitter

Subscription Information
(Institutional Administrator Access)


JEP - All Issues

Virtual Field Journals

AEA Member Login:

AEAweb | AEA Journals | Contact Us