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1、ROGERE.BACKHOUSEANDBRADLEYW.BATEMAN1Acunningpurchase:thelifeandworkofMaynardKeynes430620YetIgloryMoreinthecunningpurchaseofmywealthThaninthegladpossessionBenJonson,VolponePORTRAITOFTHEECONOMISTASAYOUNGMANOn21June1921,MaynardKeynesdeliveredthepresiden
2、tialaddresstotheannualreunionoftheApostles–asecretsocietyoftheCambridgeUniversitystudentsandalumniwhichincludedsuchluminariesasAlfredNorthWhitehead,BertrandRussell,G.E.1MooreandHenrySidgwick.WhathadunitedtheApostlesofKeynes’sowngenerationweretheircom
3、mitments,learnedfromG.E.Moore,toabsolutetruthandtothesearchforfriendshipandbeauty.TheidealcareerforKeynes’scohortofApostleswouldhavebeentobecomeanartist,creatingbeautyandlivinginacommunityofotherartistswithwhomonehadclosebondsoffriendship.Butwhatshou
4、ldonedoifonesimplydidnothavethetalenttobecomeanartist?Inhisaddress,Keynesseemstosug-gestthatthebestoptionforthosewholackartistictalentmaybetousetheirtalentstopursueacareerinfinanceorbusiness.QuotingBenJonson,Keynesarguedthatthetruerewardofsuchactivit
5、ylaynotinwealthitselfsomuchasinthe‘thecunningpurchaseof...wealth’.Itishardtoknowwhyhepickedoutfinanceandbusinessratherthan,say,engineering.However,incitingJonson’sVolponetomakehisargument,KeynesdemonstratesthathehasnotcompletelyseveredhisMooreanroots
6、.Forthestateofmindthatoneachieves1CambridgeCollectionsOnline©CambridgeUniversityPress,20062ROGERE.BACKHOUSEANDBRADLEYW.BATEMANinthepursuitofmoneyisallimportant.Keynesspurnsthemoney-makingmotiveasitiscommonlyunderstood(thedesireformoneyforitsownsake)a
7、ndembracessomethingmoresubtleandcomplex:theenjoymentobtainedinusingone’stalentstopursueanend.By1921,whenhedeliveredhisaddress,KeyneshadcomethroughEton(wherehehadwonnumerousprizes)andKing’sCollegeCambridge,graduatingwithfirst-classhonoursinmathematics
8、(twelfthwrangler,thetwelfthpersononthefirst-classhonourslist,aplacehehadforecastprecisely).HehadthenlearnedeconomicsstudyingfortheCivilServiceexaminations,inwhichhecameinsecondplaceoverall.Secondplacemeantthathehadmissedoutontheonepositionopenthatyea
