cambridgecircus.org - Cambridge Circus

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The Cambridge Circus or Keynes's Circus was a group of young Cambridge economists closely associated with John Maynard Keynes . The group consisted of Richard Kahn , James Meade , Joan Robinson , Austin Robinson , and Piero Sraffa . The Circus formed immediately following the 31 October 1930 publication of Keynes's A Treatise on Money . The group met to read and discuss the Treatise and to provide feedback on Keynes's continuing theoretical work that would lead to his General Theory of Employment, Interest,

Kahn acted as the group's spokesperson and met with Keynes weekly to discuss the Circus's thoughts. Kahn identifies the "widow's cruse" and " Danaid jar " fallacy as the most substantive issue in the group's discussions. The issue referred to Keynes's statement in the Treatise that an entrepreneur who spent his profits on consumption goods would increase profits for another entrepreneur by the same amount and that these profits would percolate through the economy endlessly like the oil from the widow's crus