Preview

John Maynard Keynes

Powerful Essays
Open Document
Open Document
1052 Words
Grammar
Grammar
Plagiarism
Plagiarism
Writing
Writing
Score
Score
John Maynard Keynes
John Maynard Keynes John Maynard Keynes is considered to be one of the most influential economists and authors of all time. He was very successful during his lifetime and is known as the Father of Keynesian. Some may have believed him to be the academic scribbler who feasted on mindless followers while others consider him to be the greatest economist who lived, and a man who could even fix our current woes today. Keynes was born on June 5, 1883 to a prestigious family. His father, John Neville was an economist and lecturer who taught at Cambridge University while his mother Florence was the city’s first female mayor. He was a sickly child and endured many illnesses as a young boy. He was diagnosed with rheumatic fever, but overcame that after a short time and was entered for a scholarship evaluation at Eton College. In 1902, he was granted the scholarship to King’s College for Mathematics. Keynes thrived and became a member of the exclusive debating group known as the Apostles Cambridge which included some of the brightest students. He did post-graduate work under economists Alfred Marshall and Arthur Pigou, but chose to take a position with Britain’s Civil Service in 1905. This was where he began to gather information for his first book about India’s monetary system. By 1909, he began to follow in his father’s footsteps and returned to Cambridge to lecture. During his time there he became the editor of the Economist’s Journal. After that, in 1913, Keynes was appointed to the Royal Commission on Indian Currency and Finance after publishing his book of the same name that was primarily based on lectures he had taught two years prior at Cambridge. Though by 1919, he was employed by the British Treasury and was promoted quickly to serve as chief principal representative at the Peace Conference in Versailles. He was a pacifist, but wanted to contribute to Britain’s war efforts. He did not agree with the harsh terms that were negotiated at the


Bibliography: Ashbee, Edward. The US Economy Today. New York: Palgrave Macmillan, 2010. 45+. Print. Bucholz, Todd G. "Keynes: Bon Vivant as Savior." New Ideas From Dead Economists. New York: First Plume Printing, 1989. 203-25. Print. Lebergott, Stanley. The Americans: An Economic Record. New York: W.W. Norton &, 1984. 381+. Print.

You May Also Find These Documents Helpful

  • Powerful Essays

    Rosenof, Theodore. Economics in the Long Run: New Deal Theorists and Their Legacies, 1933-1993. Chapel Hill: University of North Carolina, 1997.…

    • 4966 Words
    • 20 Pages
    Powerful Essays
  • Good Essays

    hca 240

    • 944 Words
    • 4 Pages

    John Maynard Keynes helped the allied government defend freedom by planning their wartime economies. Friedrich Von Hayek thought government interference in the economy was a threat to freedom. Keynes thought the market economy would go to excesses and when things got difficult the market wouldn’t work and the government would have to fix it. Hayek disagreed because he believed the market would take care of itself.…

    • 944 Words
    • 4 Pages
    Good Essays
  • Good Essays

    References: Brinkley, Alan. "Chapter 10: America 's Economic Evolution." Unfinished Nation: A Concise History of the American People. Vol. 1. [S.l.]: Mcgraw-Hill, 2013. 254-59. Print.…

    • 882 Words
    • 4 Pages
    Good Essays
  • Powerful Essays

    4. DeLong, J. B (1997) Slouching Towards Utopia?: The Economic History of the Twentieth Century, University of California at Berkeley and NBER (February) Available at: http://econ161.berkeley.edu/TCEH/Slouch_roaring13.html Accessed 2/19/05…

    • 2306 Words
    • 8 Pages
    Powerful Essays
  • Good Essays

    people believe that he was an Oxford man and that his money was inherited from…

    • 719 Words
    • 3 Pages
    Good Essays
  • Powerful Essays

    "American Capitalism | Lichtenstein, Nelson, Editor." Penn: University of Pennsylvania. Web. 17 Apr. 2011. <http://www.upenn.edu/pennpress/book/14238.html>.…

    • 1926 Words
    • 8 Pages
    Powerful Essays
  • Powerful Essays

    Economic Advisement Paper

    • 1498 Words
    • 6 Pages

    In the current state of our economy, the expectation of consumers appears to be evolving from substantial fear of rising prices and difficulty obtaining credit to a more optimistic future outlook, although remaining cautious. Consumers have begun spending rather than primarily saving. This has moved the Aggregate Demand curve slightly to the right, from previous years. Rises in median home prices and reductions in foreclosures and unemployment appear to be affecting the consumer mindset in a positive way. Recovery is in progress and a balance of the economy is underway.…

    • 1498 Words
    • 6 Pages
    Powerful Essays
  • Better Essays

    economic aspects

    • 957 Words
    • 3 Pages

    Harris, Seymour E. (2005). The New Economics: Keynes ' Influence on Theory and Public Policy. Kessinger Publishing.…

    • 957 Words
    • 3 Pages
    Better Essays
  • Good Essays

    An innovator and pioneer in the fields of education, science, and politics, Benjamin Franklin’s contributions to society were great and long-lasting. Climbing the social ladder, he worked his way from the lower-middle class and eventually became an affluent leader who played a crucial role in America’s quest for independence. The epitome of the American Dream, Franklin was the first true example of how someone could achieve success and prosperity through their own hard…

    • 452 Words
    • 2 Pages
    Good Essays
  • Satisfactory Essays

    Franklin Roosevelt

    • 526 Words
    • 3 Pages

    President Roosevelt was born January 30, 1882 in Hyde Park New York. His parents Sara Ann Delano, and James Roosevelt both came from wealthy New York families. Although James spent much time with him, Sara being rather possessive became Franklin’s role model through his childhood. He learned how to play the basic sports such as polo, shooting, tennis, and rowing but never became a star athlete, he preferred to watch and sit on the sidelines as a water boy for teams. Franklin was privately tutored until the age of 14, and then he was sent to Groton boarding school.…

    • 526 Words
    • 3 Pages
    Satisfactory Essays
  • Satisfactory Essays

    John Maynard Keynes Had the most positive effect on the united states economy because, During the Great Depression of the 1930's, the economic collapse couldn't be explained by the existing economic theory's, and also couldn't provide a public policy solution, which could employ people and start the economy back up. In other words, there was no way to build the economy after a collapse. John Maynard Keynes had found a better way to steer the economic culture of the united states free enterprise system. Basically, his idea was that any worker who wanted a job would have one as long as workers were flexible in their wage demands. This pulled people out of poverty during the great depression and also helps the unemployment rates of today's…

    • 230 Words
    • 1 Page
    Satisfactory Essays
  • Good Essays

    Galbraith

    • 796 Words
    • 4 Pages

    He was a U.S economist, public official and diplomat, and a leading proponent of the 20th-century American liberalism. His books on economic topics were bestsellers from 1950’s through 2000’s, during which time Galbraith fulfilled the role of public intellectual. In macro-economical terms he was intitutionalist.…

    • 796 Words
    • 4 Pages
    Good Essays
  • Good Essays

    great deprssion

    • 556 Words
    • 2 Pages

    Scaliger, Charles. “The Great Depression.” The New American (23 June 2008): 34-8. EBSCOHost. Web. 2 Nov. 2014.…

    • 556 Words
    • 2 Pages
    Good Essays
  • Good Essays

    Commanding Heights Essay

    • 7534 Words
    • 31 Pages

    Keynes was a prominent economic advisor to the British government during and after WWI. He strongly opposed the Treaty of Versailles terms that forced Germany to make ruinous war reparations to the Allies because he saw it would destroy their economy, which in turn would lead to sociopolitical instability.…

    • 7534 Words
    • 31 Pages
    Good Essays
  • Better Essays

    What Is Liberalism?

    • 1074 Words
    • 5 Pages

    Mizuhara, Sohei, and Jochen Runde. The Philosophy of Keynes ' Economics: Probability, Uncertainty and Convention. London: Routledge, 2003. Print.…

    • 1074 Words
    • 5 Pages
    Better Essays