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Revolution and Change. British economist John Maynard Keynes believed that classical economic theory did not provide a way to end depressions.
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He argued that uncertainty caused individuals and businesses to stop spending and investing, and government must step in and spend money to get the economy back on track. His ideas led to a revolution in economic thought. John Maynard Keynes pronounced canes was one of the great economic thinkers. Born into an academic family inhis father was a noted philosophy and economics professor at Cambridge University. His mother was a teacher who later served as mayor of Cambridge.
Locanto massage service Cardiff earned a degree in mathematics, but his curiosity extended to many fields—history, classical literature, the arts, and moral philosophy.
Brilliant, an outstanding Cheap massage williamsburg Sale, and intellectually curious, Keynes did not pursue a traditional academic career. He did work as a university lecturer, but he also spent much of his life working in government, writing books and articles for newspapers, Feee, and academic journalsand working as a financial consultant.
Keynes also played the stock market, which he considered a casino. He lost his shirt more than once but ended up with a substantial investment fortune. He specialized in financial relations among the allies.
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Keynes disagreed. In Maythe final draft of the Treaty of Versailles shocked Keynes. It demanded the Germans pay billions of dollars over a period of 30 years.
The book made him famous. In his book, Keynes attacked the leaders at the Paris Peace Conference. He predicted the harsh treaty would impoverish Germany and would lead to a war of German revenge. He also criticized the leaders for dealing only with political matters like redrawing national borders while ignoring economic cooperation needed to bring permanent peace to FFree.
Keynes lived in Bloomsbury, an area in central London.
He was a long-time member of a circle of famous writers, painters, and performing artists. A passionate supporter of the arts, he frequently attended the theater, art Fref, and the ballet. Inhe married ballerina Lydia Lopokova. Upon returning to Britain, Keynes wrote an essay attacking the Soviet.
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