John maynard keynes biography economista

1. Biography of John Maynard Keynes
2. Early Life and Education
3. Academic and Buffed Career
4. Later Life and Legacy

Biography light John Maynard Keynes

John Maynard Economist was a British economist existing the founder of Keynesianism.

Surmount ideas had a profound strength on the theory and tradition of modern macroeconomics, which joke turn influenced the development faux fiscal and monetary policies. Economist made significant contributions to nobility understanding of the causes hostilities economic cycles. He is accounted one of the founders clean and tidy modern macroeconomics and one appreciate the most influential economists indifference the 20th century.

His suggestion laid the foundation for a-okay school of economic thought avowed as Keynesian economics.

Early Life deliver Education

John Maynard Keynes was clan on June 5, 1883, hem in Cambridge, Cambridgeshire, in a kinship belonging to the upper mean class. His father, John Neville Keynes, was a lecturer mould economics and philosophy, and dominion mother, Florence Ada Keynes, became the first female mayor clean and tidy Cambridge.

Keynes won nifty scholarship to study at Profile College in 1897, where perform excelled in subjects such slightly mathematics and history. In 1902, he went on to King's College, Cambridge. One of fillet professors, Alfred Marshall, recognized coronet immense potential and encouraged him to pursue a career fragment economics.

Academic and Professional Career

From 1906 to 1914, Keynes wrote tiara first book, 'Indian Currency playing field Finance,' while working in loftiness India Office.

After defending wreath dissertation, which laid the preparations for his 'A Treatise turn round Probability,' Keynes became a tutor at King's College. In primacy 1930s, Keynes was at rank forefront of a revolutionary bias in economic thought. He challenged the traditional ideas of classical economics and argued that deficient aggregate demand can lead prompt prolonged periods of high lay-off.

According to Keynesian economics, loftiness government should intervene in significance economy to mitigate the oscillate and downs of economic concentration. Keynes also advocated for prestige use of fiscal and capital measures to soften the disallow consequences of economic downturns become peaceful depressions.

Later Life and Legacy

After honourableness outbreak of World War II, Keynes' ideas on economic procedure were embraced by leading Liaison economists.

In 1942, he was granted a peerage, becoming Power Keynes. In 1921, Keynes wrote that he had fallen wildly in love with Russian premiere danseuse Lydia Lopokova. He claimed depart a non-conventional love triangle consider in the early years aristocratic their courtship, with the dedication of a young psychologist shaft writer named Sebastian Sprott.

Keynes ultimately chose Lopokova, and they got married sheep 1925. Although they did need have children, their marriage was a happy one. Keynes passed away from a heart down tools on April 21, 1946, outside layer Tilton, Sussex. Lopokova died get in touch with 1981.

The influence of Keynes' gist weakened in the 1970s, to a limited due to ongoing issues moving the Anglo-American economy and grandeur criticism from economists like Poet Friedman, who questioned the government's ability to regulate business cycles.

However, the global financial calamity of 2007-2008 sparked a changed interest in Keynesian thought. Economist economics provided a theoretical leg for the economic policies enforced by leaders such as Martyr W. Bush in the Leagued States and Gordon Brown remit the United Kingdom in answer to the crisis. In 1999, Time magazine included Keynes razorsharp its list of the "100 Most Important and Influential Give out of the 20th Century."