Research paper on an ethic author
John Maynard Keynes;
Economics Assignment
Table of contents
Introduction…………………………………………..1
John Maynard Keynes, History and Background…....1-2
John Maynard Keynes Education Background………2-4
John Maynard Keynes Career…………………………4-6
Conclusion…………………………………………......6
Introduction
John Maynard Keynes was a brilliant economist. Keynes is considered to be one of the founders of modern macroeconomics, and to be the most influential economist of the 20th century. In 1999, Times magazine included Keynes in their list of the 100 most important and influential people of the 20th century, stating that, "His radical idea that governments should spend money they don't have may have saved capitalism." In addition to being an economist, Keynes was also a civil servant, a director of the Bank of England, a patron of the arts and an art collector, a part of the Bloomsbury Group of intellectuals, an advisor to several charitable trusts, a writer, a philosopher, a private investor, and a farmer.
John Maynard Keynes, History and Background
John Maynard Keynes was a British economist whose ideas have affected the theory and practice of modern macroeconomics, as well as the economic policies of governments. He greatly refined earlier work on the causes of business cycles, and advocated the use of fiscal and monetary measures to mitigate the adverse effects of economic recessions and depressions. His ideas are the basis for the school of thought known as Keynesian economics, as well as its various offshoots. In the 1930s, Keynes came up with a revolution in economic thinking, overturning the older ideas of neoclassical economics that held that free markets would in the short to medium term automatically provide full employment, as long as workers were flexible in their wage demands. Keynes instead argued that aggregate demand determined the overall level of economic activity, and that inadequate aggregate demand could
Economics Assignment
Table of contents
Introduction…………………………………………..1
John Maynard Keynes, History and Background…....1-2
John Maynard Keynes Education Background………2-4
John Maynard Keynes Career…………………………4-6
Conclusion…………………………………………......6
Introduction
John Maynard Keynes was a brilliant economist. Keynes is considered to be one of the founders of modern macroeconomics, and to be the most influential economist of the 20th century. In 1999, Times magazine included Keynes in their list of the 100 most important and influential people of the 20th century, stating that, "His radical idea that governments should spend money they don't have may have saved capitalism." In addition to being an economist, Keynes was also a civil servant, a director of the Bank of England, a patron of the arts and an art collector, a part of the Bloomsbury Group of intellectuals, an advisor to several charitable trusts, a writer, a philosopher, a private investor, and a farmer.
John Maynard Keynes, History and Background
John Maynard Keynes was a British economist whose ideas have affected the theory and practice of modern macroeconomics, as well as the economic policies of governments. He greatly refined earlier work on the causes of business cycles, and advocated the use of fiscal and monetary measures to mitigate the adverse effects of economic recessions and depressions. His ideas are the basis for the school of thought known as Keynesian economics, as well as its various offshoots. In the 1930s, Keynes came up with a revolution in economic thinking, overturning the older ideas of neoclassical economics that held that free markets would in the short to medium term automatically provide full employment, as long as workers were flexible in their wage demands. Keynes instead argued that aggregate demand determined the overall level of economic activity, and that inadequate aggregate demand could