John Maynard Keynes

John Maynard Keynes, 1st Baron Keynes of Tilton (pronounced k?nz / kAnze), ) (June 5, 1883 – April 21, 1946) was an English economist, whose ideas had a major impact on modern economic and political theory as well as on Franklin D. Roosevelt's New Deal. He is particularly remembered for advocating interventionist government policy, by which the government would use fiscal and monetary measures to aim to mitigate the adverse effects of economic recessions, depressions and booms. He is considered by many to be the founder of modern macroeconomics.

Keynes' influence

Keynes' theories were so influential, even when disputed, that a subfield of Macroeconomics called Keynesian economics is further developing and discussing his theories and their applications. John Maynard Keynes had several cultural interests and was a central figure in the so-called Bloomsbury group, consisting of prominent artists and authors in Great Britain. His autobiographical essays Two Memoirs appeared in 1949.

Related Topics:
Macroeconomics - Keynesian economics - Bloomsbury group - Great Britain - Autobiographical - 1949

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