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Keynes, Trouton and the Hector Whaling Company. A personal and professional relationship.

Basberg, Bjørn L.
Working paper
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URI
http://hdl.handle.net/11250/281948
Date
2015-04
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  • Discussion papers (SAM) [578]
Abstract
John Maynard Keynes’ activities on the stock market are well known. One company in which he

bought stocks was the Hector Whaling Company Ltd., London – a comparatively small and little

known company founded in 1928. The director of this company was Rupert Trouton. He had worked

with Keynes for the Government during the First World War, was his student at Cambridge, and

became a close partner in the City from the 1920s and onwards. The reason why Keynes invested in

Hector was obviously his association with Rupert Trouton.

The first part of this paper explores briefly the development of the Hector Whaling Company and its

origins in Norway. The main part analyses the relationship between Trouton and Keynes. The focus is

on their co-operation relating to Hector Whaling, but their relationship regarding various other

businesses, as well as on the personal level, is also described.

The paper is based on studies of the Keynes archives in Cambridge as well as newly available archives

of the Hector company. The analysis provides new insights to the more general question on the

motivations and decisions behind Keynes’ stock market investments as well as the

internationalization of the whaling industry in the 1920s and 30s.
Publisher
SAM
Series
Discussion paper;08/15

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