We have new and used copies available, in 4 editions - starting at $2.19. But “respectable” economists still expected the automatic adjustments of the free market to solve these problems, and the Treasury was convinced that public works were useless because any increase in the government deficit would likely cause an equal decline in private investment. John Maynard Keynes, detalle de una acuarela de Gwen Raverat; National Portrait Gallery, Londres. View article for: Kids; Students; Scholars; Article; Images & Videos; Related; Subscriber features. It was the dominant school of macroeconomics and represented the prevailing approach to economic policy among most Western governments until the 1970s. Here Keynes’s interest in politics and economics grew. John Maynard Keynes, 1st Baron Keynes CB FBA (/ keɪnz / KAYNZ; 5 June 1883 – 21 April 1946), was a British economist, whose ideas fundamentally changed the theory and practice of macroeconomics and the economic policies of governments. The lowest-priced brand-new, unused, unopened, undamaged item in its original packaging (where packaging is applicable). Essays in Biography John Maynard Keynes: 1883-1946: Economist, Philosopher, Statesman Robert Skidelsky. His valuable experience as an economic adviser at the Versailles Peace Conference led him to write his scathing book The Economic Consequences of the Peace, published in 1919, in which he argued against excessive reparations requirements of Germany after the war. Our editors will review what you’ve submitted and determine whether to revise the article. Stuck again! After publication of The Economic Consequences of the Peace, Keynes resigned his lecture post but stayed on as a fellow of King’s College, dividing his time between Cambridge and London. The basic and revolutionary idea of Keynesian economics—that recessions can be mitigated and unemployment more effectively reduced by government spending designed to increase aggregate demand—strongly influenced the fiscal policies of Western governments until the 1970s and later inspired successful responses by many governments to the Great Recession of 2007–09. John Maynard Keynes’s most influential work was The General Theory of Employment, Interest and Money (1935–36). Shop now. In 1937 he suffered a severe heart attack. Updates? The permanent importance of this polemical essay lies in its economic analysis of the stringent reparations placed upon Germany and the corresponding lack of probability that the debts would ever be paid. In 2010, his native land of Britain (which is deeply in debt) repudiated his economic folly of government deficit spending through the implementation of an austerity budget during a period of economic difficulty. In 1925 he opposed Britain’s return to the gold standard at the prewar dollar–pound ratio of $4.86; and, long before the Great Depression, Keynes expressed concern over the persistent unemployment of British coal miners, shipyard workers, and textile labourers. Login; Search × John Maynard Keynes. *FREE* shipping on qualifying offers. Stock photo; Stock photo. Throughout his life Keynes was to cherish the affection and respond to the influence of this group. Improved homework resources designed to support a variety of curriculum subjects and standards. After translating an article, all tools except font up/font down will be disabled. He was educated at Eton and Cambridge, where he studied under Alfred Marshall, the leading Cambridge economist. [Charles H Hession] -- This is the first full portrait of the great economist's emotional and intellectual life and his career in the arts, political affairs, letters and philosophy. Paperback. 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