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06756_Field_TCUM T321.txt
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1996-04-10
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technology. Keynes’ report of just such an instance, in his
study of “Shakespeare and the Profit Inflations,” explains that
since new wealth and bullion fall first to the governing classes,
they experience a sudden buoyancy and euphoria, a glad
release from the habitual stress and anxieties that fosters a
prosperity, which in turn inspires the starving artist in his
garret to invent new triumphant rhythms and exultant forms of
painting and poetry. As long as profits leap well ahead of
wages, the governing class cavorts in a style that inspires the
greatest conceptions in the bosom of the impecunious artist.
When, however, profits and wages keep in reasonable touch,
this abounding joy of the governing class is correspondingly
diminished, and art then cannot benefit from prosperity.
Keynes discovered the dynamics of money as a medium.
The real task of a study of this one medium is identical with