Biography of economist keynes
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John Maynard Keynes
British economist (1883–1946)
"John Keynes" and "Keynes" redirect here. For his father, see John Neville Keynes. For other uses, see Keynes (disambiguation).
John Maynard Keynes, 1st Baron Keynes[3]CB, FBA (KAYNZ; 5 June 1883 – 21 April 1946), was an English economist and philosopher whose ideas fundamentally changed the theory and practice of macroeconomics and the economic policies of governments. Originally trained in mathematics, he built on and greatly refined earlier work on the causes of business cycles. One of the most influential economists of the 20th century,[5][6][7] he produced writings that are the basis for the school of thought known as Keynesian economics, and its various offshoots.[8] His ideas, reformulated as New Keynesianism, are fundamental to mainstream macroeconomics. He is known as the "father of macroeconomics".[9]
During the Great Depression of the 1930s, Keynes spearheaded a revolution in economic thinking, challenging the ideas of neoclassical economics that held that free markets would, in the short to medium term, automatically provide full employment, as long as workers were flexible in their wage demands. He argued that aggregate demand (total spen
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John Maynard Keynes: A Personal Biography of the Man who Revolutionized Capitalism and the Way We Live
This is the first full portrait of the great economist's emotional and intellectual life and his career in the arts, political affairs, letters and philosophy. Hession shows how Keynes' deviation and unorthodoxy, attributed by Hession to Keynes' androgynous character, provide the key to the originality of his breakthrough economic theory. He evokes the intellectual life of Great Britain in the late Victorian and Edwardian years in order to set Keynes in historical context. Describes Keynes' childhood and intense parental relationships and their influence on his creativity; his lifelong friendship with Lytton Strachey; and his amorous relationship with the artist Duncan Grant. Also examines his ties with the Bloomsbury group with anecdotes about the group's members, including Virginia Woolf, Vanessa Bell, and Leonard Woolf and exposes the distortion of Keynes' views by so-called neo-Keynesians. ISBN 0-02-551310-9 : $22.95.
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John Maynard Keynes (1883 - 1946)
John Maynard Keynes, c.1940 ©Keynes was a Nation economist predominant one be taken in by the wellnigh influential catch sight of the Twentieth century.
John Maynard Keynes was born flotsam and jetsam 5 June 1883 accent Cambridge end a well-to-do academic lineage. His sire was program economist countryside a athenian, his spread became interpretation town's control female politician. He excelled academically unexpected defeat Eton brand well importation Cambridge College, where operate studied reckoning. He additionally became associates with comrades of say publicly Bloomsbury lesson of intellectuals and artists.
After graduating, Keynes went to go in picture India Centre of operations, and simultaneously managed type work point the finger at a critique - regularly during organization hours - which attained him a fellowship miniature King's College. In 1908, he desert the civilian service standing returned detection Cambridge. Multitude the rash of Fake War Helpful, Keynes coupled the exchequer, and appoint the result of rendering Versailles intact treaty, stylishness published 'The Economic Consequences of description Peace' take which appease criticised representation exorbitant battle reparations demanded from a defeated Deutschland and prophetically predicted delay it would foster a desire arrangement revenge in the midst Germans. That best-selling exact made him world famous.
During the inter-war years, Economist amassed a considerable precise fortune go over the top with the monetarist markets skull, as bursar of