John Maynard Keynes(1883-1946)
John Maynard Keynes grew up in Cambridge. He attended Eaton College. He then began studying mathematics at King's College in Cambridge in 1902. In 1905 he switched to economics. After completing his studies, he found a job in the so-called "India Ministry" in London. From 1909 he took on a teaching position at King's College. Two years later he began editing the "Economic Journal", which he held until 1945. From 1913 to 1945 Keynes served as secretary of the Royal Economic Society. A job at the Ministry of Finance meant that he was exempt from military service.
In his capacity as advisor to the British Treasury, John Maynard Keynes led the relevant delegation at the Peace Conference at Versailles in 1919. In his paper entitled "The economic consequences of the peace" from 1919, he justified the unreasonableness of the demands for reparations. In addition to his professional activities in economics and finance, he became the head of an insurance company and founded a theater. The art lover also saved two ballet companies from ruin. His great love, the ballerina Lydia Lopokowa, also came from the art sector. In the period that followed, from 1921 to 1926, some theoretical specialist writings by John Maynard Keynes appeared.
In 1921 the title "Treatise on probability" was published. In the pamphlet entitled "A revision of the treaty" published in 1922, he justified his demand for a revision of the Treaty of Versailles. The following year his work "Tract on monetary reform" was published. And in 1926 he published the title "The end of laissez-faire". In 1925, John Maynard Keynes married Lydia Lopokova. On October 25, 1929, the great stock market crash on the New York Stock Exchange occurred, which went down in history as "Black Friday". In response to this economic collapse, the majority of financial and economic experts called for strict austerity measures. Keynes, on the other hand, advocated new government debt in order to use the money to create more jobs.
In 1920 his work "A treatise on money" was published and a year later the title "Essays in persuasion". In order to combat the unemployment rate, the then US President Franklin D. Roosevelt took on new debt. In doing so, he followed the theory of John Maynard Keynes, who also gave lectures at the White House in Washington. In 1936 his main work was published with the original title "The general theory of employment, interest and money". The following year he suffered a heart attack, from which he recovered. In 1940 his work entitled "How to pay for the war" was published, in which he made his proposal for financing the war. From 1939 to 1945 he became an advisor to the British government on the subject of the Second World War.
Keynes also became head of the Bank of England. As an art lover, he was elected chairman of the "Committee for the Promotion of Music and Art". By King George VI the economist was awarded the title of nobility. He received the title John Maynard Lord Keynes of Tilton in 1942. He laid down his ideas on the international monetary order in the work "Proposals for an international clearing union" in 1943. The following year, Keynes took part on behalf of his country at the monetary conference in the US Bretton Woods, where post-war financial policy was planned internationally.
In his capacity as advisor to the British Treasury, John Maynard Keynes led the relevant delegation at the Peace Conference at Versailles in 1919. In his paper entitled "The economic consequences of the peace" from 1919, he justified the unreasonableness of the demands for reparations. In addition to his professional activities in economics and finance, he became the head of an insurance company and founded a theater. The art lover also saved two ballet companies from ruin. His great love, the ballerina Lydia Lopokowa, also came from the art sector. In the period that followed, from 1921 to 1926, some theoretical specialist writings by John Maynard Keynes appeared.
In 1921 the title "Treatise on probability" was published. In the pamphlet entitled "A revision of the treaty" published in 1922, he justified his demand for a revision of the Treaty of Versailles. The following year his work "Tract on monetary reform" was published. And in 1926 he published the title "The end of laissez-faire". In 1925, John Maynard Keynes married Lydia Lopokova. On October 25, 1929, the great stock market crash on the New York Stock Exchange occurred, which went down in history as "Black Friday". In response to this economic collapse, the majority of financial and economic experts called for strict austerity measures. Keynes, on the other hand, advocated new government debt in order to use the money to create more jobs.
In 1920 his work "A treatise on money" was published and a year later the title "Essays in persuasion". In order to combat the unemployment rate, the then US President Franklin D. Roosevelt took on new debt. In doing so, he followed the theory of John Maynard Keynes, who also gave lectures at the White House in Washington. In 1936 his main work was published with the original title "The general theory of employment, interest and money". The following year he suffered a heart attack, from which he recovered. In 1940 his work entitled "How to pay for the war" was published, in which he made his proposal for financing the war. From 1939 to 1945 he became an advisor to the British government on the subject of the Second World War.
Keynes also became head of the Bank of England. As an art lover, he was elected chairman of the "Committee for the Promotion of Music and Art". By King George VI the economist was awarded the title of nobility. He received the title John Maynard Lord Keynes of Tilton in 1942. He laid down his ideas on the international monetary order in the work "Proposals for an international clearing union" in 1943. The following year, Keynes took part on behalf of his country at the monetary conference in the US Bretton Woods, where post-war financial policy was planned internationally.
