Autograph Letter Signed By J.M. Keynes To "The Man Who Understood Keynes’ Mind More Than Any of His Contemporaries": Stockbroker and Close Friend Oswald Toynbee Falk

  • J.M. Keynes Letter Signed.

J.M. Keynes Letter Signed.


Item Number: 3757

St. Louis: St. Louis, 1917.

Autograph Letter Signed by J.M. Keynes To Oswald Toynbee Falk, a stockbroker and a close friend of Keynes. "[St Louis approaching New York] 11 Sept 1917. My dear Falk, I have had the enclosed letter from Herbert Samuel and have promised to do my best to secure such an article as he indicates. Will you try your hand? I should be very grateful if you would. I suspect that in your usual way you will disclaim the competence. But I would undertake to be the judge of that. In any case you might perhaps fortify yourself with collective wisdom by getting your dining party to discuss it first. I am not sure it wouldn’t prove a very instructive topic. If so, perhaps I might bring Mr. Samuel as a guest? I expect to be back in England by the end of the first week of October. Sincerely yours J.M. Keynes." Written on printed letterhead of the Royal Economic Society, Kings College, Cambridge (From Mr. J. M. Keynes, Editor of the Economic Journal). Housed in a custom half morocco clamshell box. Letters signed by Keynes seldom enter the marketplace.

Oswald Falk is regarded by Robert Skidelsky as the man who understood John Maynard Keynes’ mind more than any of his contemporaries. He argues that it was Falk who gave Keynes’ his superb understanding of the unruly financial mechanism of capitalism? which distinguished his work from that of his contemporaries (Skidelsky, 1992, 25). The London stockbroker, Nicholas Davenport, recalled that Falk spent a lot of time with Keynes speculating in currency and commodity deals. According to the economist Tommy Balogh who worked for Falk it was his mentor who gave Keynes the insights to develop his theory of liquidity preference by understanding the gilt-edged securities market. Skidelsky regreted that Falk, the most perceptive contemporary Keynes-watcher did not write a memoir of Keynes when perhaps he could have.

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