Masters of Money
Masters of Money
A c ase study
Submitted by:
Anushri
2012PGP057
Nishanth
2012PGP108
Piyush
2012PGP077
Raghuveer 2012PGP067
Sukhada
Vijendra
2012PGP089
2012PGP109
Vikash
2012PGP110
Masters of money
Masters of Money is a short TV series produced by BBC about three men whom it referred to as masters of money: Karl Marx, Friedrich Hayek and John Maynard Keynes.
M asters of Money - P art I – J ohn Keynes
The first in the series is about John Maynard Keynes (1883-1946). He was an alumnus of Eton and went to Cambridge. The documentary series covers his progress from there through the
Bloomsbury Set to the birth of Keynesianism. When the First World War ended, Keynes was a part of the British delegation which went for the signing of the Treaty of Versailles. Out of step with the austerity measures imposed on Germany, he resigned his post at the Treasury. The Conference of
Versailles
made him write The
Economic
Consequences Of The Peace.
When he returned to Cambridge, he spent a lot of time playing the stock market. The narrator of the documentary, Stephanie Flanders, refers to this as investing, but in reality, it is gambling. It was the time of
1929, in the lines on which most of the professional investors played, Keynes bet on red, but the ball landed on black. This led to the beginning of the Era of Great Depression where everybody lost . This incident made Keynes to learn an important lesson that it is luck which plays the most important factor while dealing in stock markets.
It is jokingly said that Keynes suggested the government to tear down the city of South London and rebuild it so as to generate more and more employment. The American Government had different ideas. It tried to create employment by engaging the unemployed in building the great
Hoover Dam.
It was believed that the Second World War helped in curing the economic ills of the Great
Depression. But in reality, during the War,
A c ase study
Submitted by:
Anushri
2012PGP057
Nishanth
2012PGP108
Piyush
2012PGP077
Raghuveer 2012PGP067
Sukhada
Vijendra
2012PGP089
2012PGP109
Vikash
2012PGP110
Masters of money
Masters of Money is a short TV series produced by BBC about three men whom it referred to as masters of money: Karl Marx, Friedrich Hayek and John Maynard Keynes.
M asters of Money - P art I – J ohn Keynes
The first in the series is about John Maynard Keynes (1883-1946). He was an alumnus of Eton and went to Cambridge. The documentary series covers his progress from there through the
Bloomsbury Set to the birth of Keynesianism. When the First World War ended, Keynes was a part of the British delegation which went for the signing of the Treaty of Versailles. Out of step with the austerity measures imposed on Germany, he resigned his post at the Treasury. The Conference of
Versailles
made him write The
Economic
Consequences Of The Peace.
When he returned to Cambridge, he spent a lot of time playing the stock market. The narrator of the documentary, Stephanie Flanders, refers to this as investing, but in reality, it is gambling. It was the time of
1929, in the lines on which most of the professional investors played, Keynes bet on red, but the ball landed on black. This led to the beginning of the Era of Great Depression where everybody lost . This incident made Keynes to learn an important lesson that it is luck which plays the most important factor while dealing in stock markets.
It is jokingly said that Keynes suggested the government to tear down the city of South London and rebuild it so as to generate more and more employment. The American Government had different ideas. It tried to create employment by engaging the unemployed in building the great
Hoover Dam.
It was believed that the Second World War helped in curing the economic ills of the Great
Depression. But in reality, during the War,