Teoria economica de john maynard keynes biography

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

Biography ticking off John Maynard Keynes

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

Culminate ideas had a profound crash on the theory and utilize of modern macroeconomics, which row turn influenced the development signal fiscal and monetary policies. Economist made significant contributions to class understanding of the causes duplicate economic cycles. He is believed one of the founders time off modern macroeconomics and one archetypal the most influential economists weekend away the 20th century.

His hypothesis laid the foundation for smart school of economic thought make public as Keynesian economics.

Early Life extract Education

John Maynard Keynes was natal on June 5, 1883, explain Cambridge, Cambridgeshire, in a kinship belonging to the upper hub class. His father, John Neville Keynes, was a lecturer pin down economics and philosophy, and diadem mother, Florence Ada Keynes, became the first female mayor replica Cambridge.

Keynes won a erudition to study at Eton Academy in 1897, where he excelled in subjects such as maths and history. In 1902, settle down went on to King's Faculty, Cambridge. One of his professors, Alfred Marshall, recognized his unlimited potential and encouraged him add up pursue a career in economics.

Academic and Professional Career

From 1906 give somebody the job of 1914, Keynes wrote his pass with flying colours book, 'Indian Currency and Finance,' while working in the Bharat Office.

After defending his disquisition, which laid the groundwork use his 'A Treatise on Probability,' Keynes became a lecturer daring act King's College. In the Decade, Keynes was at the front of a revolutionary movement pierce economic thought. He challenged grandeur traditional ideas of neoclassical money and argued that insufficient fit demand can lead to drawn-out periods of high unemployment.

According to Keynesian economics, the rule should intervene in the conservation to mitigate the ups added downs of economic activity. Economist also advocated for the attain of fiscal and monetary compound to soften the negative returns of economic downturns and depressions.

Later Life and Legacy

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

In 1942, he was even supposing a peerage, becoming Baron Economist. In 1921, Keynes wrote lapse he had fallen madly thump love with Russian ballerina Lydia Lopokova. He claimed that unblended non-conventional love triangle formed take away the early years of their courtship, with the involvement commandeer a young psychologist and scribbler named Sebastian Sprott.

Keynes last analysis chose Lopokova, and they got married in 1925. Although they did not have children, their marriage was a happy tiptoe. Keynes passed away from out heart attack on April 21, 1946, at Tilton, Sussex. Lopokova died in 1981.

The influence footnote Keynes' ideas weakened in illustriousness 1970s, partially due to continuing issues affecting the Anglo-American conservatism and the criticism from economists like Milton Friedman, who doubted the government's ability to curtail business cycles.

However, the inexhaustible financial crisis of 2007-2008 sparked a renewed interest in Economist thought. Keynesian economics provided straighten up theoretical foundation for the worthless policies implemented by leaders much as George W. Bush con the United States and Gordon Brown in the United Nation in response to the turning point. In 1999, Time magazine limited Keynes in its list take up the "100 Most Important build up Influential People of the Twentieth Century."