John maynard keynes biography economist smith
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So influential was John Maynard Keynes in the middle third of the twentieth century that an entire school of modern thought bears his name. Many of his ideas were revolutionary; almost all were controversial. Keynesian economics serves as a sort of yardstick that can define virtually all economists who came after him.
Keynes was born in Cambridge and attended King’s College, Cambridge, where he earned his degree in mathematics in 1905. He remained there for another year to study under alfred marshall and arthur pigou, whose scholarship on the quantity theory of money led to Keynes’s Tract on Monetary Reform many years later. After leaving Cambridge, Keynes took a position with the civil service in Britain. While there, he collected the material for his first book in economics, Indian Currency and Finance, in which he described the workings of India’s monetary system. He returned to Cambridge in 1908 as a lecturer, then took a leave of absence to work for the Bri
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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 grund 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 fryst vatten known as the "father of macroeconomics".[9]
During the Great Depression of the 1930s, Keyn
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John Maynard Keynes was born in Cambridge, England, on June 5, 1883, the son of John Neville Keynes and Florence Ada Brown Keynes. His father was a prominent professor of political economy at the University of Cambridge; his mother was active in local politics and served a term as mayor of Cambridge. Keynes would live nearly his entire life as a resident of Cambridge, save for brief periods when he was away at boarding school or traveling in public service.
Keynes received his education at Eton College and at King’s College, Cambridge, where he received a degree in mathematics in 1905 (he never earned a formal degree in economics). Keynes entered civil service in 1906, working in London in the India Office on problems of Indian currency and finance. Disliking that experience, he abandoned the civil service to return to Cambridge to prepare a dissertation in probability theory and to study economics under Alfred Marshall, who urged him to pursue a career in the field. On the basis o