t of the American economy (Alexander 47-54). Similarly, Keynes is blamed as the originator of a theoretical bias that controls the global economic marketplace, favors the wealthy, and contributes to unemployment and exploitation (Thomas 44). In the same light, however, Keynes name is also mentioned as the savior of modern economic theory, and the intellectual basis for providing the industrial world impetus into the twenty first century (Kutter 62-5).
As a twentieth century economist and intellectual, Keynes is considered by many to be one of the great minds. One of the scholars who worked with him, Sir Austin Robinson, sees him as the architect of a master plan (the General Theory) but far more complex than that. He remarks that Keynes had a particular way of approaching problems, one that focused on practical solutions. Keynes ordinarily approached a problem in three stages: First, he analyzed the problem in all its aspects more searchingly, more radically, than many of his peers at the time. Second, he set out to discover what factors in the situation had created the problem and what factors needed to be changed if a satisfactory solution was to be achieved. Sometimes these factors were institutional; sometimes they were a matter of how a particular institution was being operated in practice; sometimes they were a matte of political policy; sometimes they were a matter of public opinion. Third, and most important, he went ahead to change some institutional setting, to change the traditions of operating some sacrosanct institution, to change the political policies, to change public opinion, or where necessary to secure the creation of some new institution. He never accepted the inevitability of some obstacle, the sanctity of some institution with long traditions, the impregnability of powerful political figures, the impossibility of changing some dominant public opinion. "He was an eternal optimist in the sense that he ...