Keynes agreed heartily. He wrote: “My own view is in complete accord with that of Mr. Hawtrey, that this activity is one which should be pursued by a semiautonomous body not subject to political interference in its daily work” (“Discussion by Prof. J. M. Keynes from the Chair,” in Hawtrey 1925a, 244). Th e common ambition was impeccable: the economic sector must be depoliticized.

Clara E. Mattei, The Capital Order, loc. 1015