Top Celebs: | | | | | | | | Born today | Blog | Add celeb

John Maynard Keynes
Wiki, Height, Age, Net Worth, Family 2018

John Maynard Keynes


: 21 April 1946


  • John Maynard Keynes, 1st Baron Keynes CB FBA, was a British economist whose ideas fundamentally changed the theory and practice of macroeconomics and the economic policies of governments
When did John Maynard Keynes die? / Died21 April 1946

John Maynard Keynes facts

  • He built on and greatly refined earlier work on the causes of business cycles, and is widely considered to be one of the most influential economists of the 20th century and the founder of modern macroeconomics
  • His ideas are the basis for the school of thought known as Keynesian economics and its various offshoots
  • In the 1930s, Keynes spearheaded a revolution in economic thinking, challenging the 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
  • He instead argued that aggregate demand determined the overall level of economic activity and that inadequate aggregate demand could lead to prolonged periods of high unemployment
  • According to Keynesian economics, state intervention was necessary to moderate "boom and bust" cycles of economic activity
  • Keynes advocated the use of fiscal and monetary policies to mitigate the adverse effects of economic recessions and depressions
  • Following the outbreak of World War II, the leading Western economies adopted Keynes's policy recommendations, and in the two decades following Keynes's death in 1946, almost all capitalist governments had done so
  • Keynes's influence waned in the 1970s, partly as a result of the severe stagflation that stalled the Anglo-American economies throughout that decade, and partly because of criticism of Keynesian theories by Milton Friedman, who had predicted that condition
  • He and other economists had disputed the ability of government to regulate the business cycle favorably with fiscal policy
  • Although some have said that Friedman's monetary theory influenced the Federal Reserve's response to the global financial crisis of 2007–08, others have raised concerns about the validity and longevity of Friedman's theories and characterized government economic policies undertaken during that period as a worldwide resurgence in Keynesian thought

Similar stars

A. J. B. Johnston, A. J. Johnson (cornerback), A. J. Johnson (linebacker), A. J. T. Johnsingh, A. Mohammed John, A.T. Charlie Johnson, Allyson Maynard Gibson, Andrew M. Maynard, Andrew Maynard (boxer), Anna Maynard, Bill Maynard, Brad Maynard
Find celebrities birthdays:

Related pages

cicely tyson biography wikipediawiki simcitysmall pox wikiwiki tebowwronchi animationmario badescu wikipediamod podge wikiwatt ag netgabriella charlton wikimargot fonteyn heightbell aliant wikilark rise to candleford wikiwiki ribenathom browne wikimohamed hadid wikimax schneider biohayao miyazaki net worthconvert 161 cm to feet and inchesbar refaeli wikijenny mcarthy biodirk kuyt wikikandee johnson wikipediairis apatow agemichelle yeoh net worthrita hayworth heighttrina braxton zodiac signwhere does tasiaalexis liveshehryaar asif agemoe howard wikiabbvie wikilogan tom height273 pounds to kgcrystal ski irelandlexus sewell fort worthcameron carpenter wikiwiki kate uptongrowin romaggi wikinena wikikerber heightchris cornell wikipediaruth buzzi wikidurango rc carsinception wikiashly burch biofrank ocean wikimetals wikisalo wikizaheer abbas wikichuck conners wikimaurice ravel wikipedianegev wikilepa brena wikiheroes reborn wikirichard serra wikiconvert 1.64 cm to feetprabal gurung net worthgiada heightrussell simmons heightjimmy graham wikifdt wiki174 lbs to kgjohn smedley wikileroy jethro gibbs wikitire rack wiki166cm to feet169 cm in feet and inchesmarina and the diamonds weightlori greiner how tallaylar lie wikimike birbiglia net worthrowan atkinson islam wikipediawiki hobbiteth zurich wikibarry van dyke net worthfrancisco lachowski net worthconnie sellecca wikisombrero wikijohnny sequoyah age