Contents
John Maynard Keynes
Explaining how weak spending can keep an economy in a slump.
Keynesian economics · The General Theory
- Born
- 5 June 1883
- Birthplace
- Cambridge, England
- Died
- 21 April 1946
More people
John Maynard Keynes
An English economist whose work challenged the assumption that markets would quickly restore full employment after a downturn.
Early life
Cambridge family
His father was an economist and his mother a social reformer.
Mathematics studies
Studied mathematics at King’s College, Cambridge.
Career
- 1906
Civil service
Joined the India Office.
- 1908
Cambridge teaching
Returned to university work.
- 1915
Treasury adviser
Worked on wartime finance.
- 1944
International negotiations
Led Britain’s delegation at Bretton Woods.
Contributions
The Economic Consequences of the Peace
Criticised the economic terms imposed after the First World War.
The General Theory
Argued that insufficient total spending can sustain unemployment.
Bretton Woods
Helped shape negotiations for postwar international financial institutions.
Beyond work
Arts circle
Was associated with the Bloomsbury Group.
Marriage
Married ballet dancer Lydia Lopokova in 1925.
Sources & photo credit
Biographical reference ↗IMF: Keynesian economics ↗Photo: Unknown, dedicated to Bettmann Archive. Public domain · Original image. Cropped and displayed in monochrome.
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