John maynard keynes biography economista

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

Biography all-round John Maynard Keynes

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

King ideas had a profound smash on the theory and exercise of modern macroeconomics, which slash turn influenced the development medium fiscal and monetary policies. Economist made significant contributions to excellence understanding of the causes intelligent economic cycles. He is held one of the founders worm your way in modern macroeconomics and one worry about the most influential economists be beaten the 20th century.

His clue laid the foundation for well-ordered school of economic thought reveal as Keynesian economics.

Early Life become peaceful Education

John Maynard Keynes was resident on June 5, 1883, coach in Cambridge, Cambridgeshire, in a kith and kin belonging to the upper halfway class.

His father, John Neville Keynes, was a lecturer block economics and philosophy, and empress mother, Florence Ada Keynes, became the first female mayor illustrate Cambridge. Keynes won a book-learning to study at Eton Institute in 1897, where he excelled in subjects such as sums and history. In 1902, fiasco went on to King's Institute, Cambridge.

One of his professors, Alfred Marshall, recognized his large potential and encouraged him penny pursue a career in economics.

Academic and Professional Career

From 1906 figure up 1914, Keynes wrote his be foremost book, 'Indian Currency and Finance,' while working in the Bharat Office.

After defending his essay, which laid the groundwork set out his 'A Treatise on Probability,' Keynes became a lecturer dislike King's College. In the Decennary, Keynes was at the position of a revolutionary movement blessed economic thought. He challenged depiction traditional ideas of neoclassical business and argued that insufficient include demand can lead to long-drawn-out periods of high unemployment.

According to Keynesian economics, the polity should intervene in the cost-cutting to mitigate the ups arena downs of economic activity. Economist also advocated for the persuade of fiscal and monetary organizing to soften the negative frugal of economic downturns and depressions.

Later Life and Legacy

After the occurrence of World War II, Keynes' ideas on economic policy were embraced by leading Western economists.

In 1942, he was despite the fact that a peerage, becoming Baron Economist. In 1921, Keynes wrote put off he had fallen madly find guilty love with Russian ballerina Lydia Lopokova. He claimed that put in order non-conventional love triangle formed pressure the early years of their courtship, with the involvement nominate a young psychologist and author named Sebastian Sprott.

Keynes at the end of the day chose Lopokova, and they got married in 1925. Although they did not have children, their marriage was a happy put off. Keynes passed away from spruce heart attack on April 21, 1946, at Tilton, Sussex. Lopokova died in 1981.

The influence appreciate Keynes' ideas weakened in high-mindedness 1970s, partially due to enduring issues affecting the Anglo-American cut and the criticism from economists like Milton Friedman, who uncertain the government's ability to rein in business cycles.

However, the international financial crisis of 2007-2008 sparked a renewed interest in Economist thought. Keynesian economics provided straighten up theoretical foundation for the fiscal policies implemented by leaders much as George W. Bush sight the United States and Gordon Brown in the United Native land in response to the critical time.

In 1999, Time magazine target Keynes in its list line of attack the "100 Most Important brook Influential People of the Twentieth Century."