John Maynard Keynes

@Eton College, Family and Childhood ★ ★ ★ ★ ★ John Maynard Keynes was the most influential British economist of the 20th century Bisexual British Cambridge University Eton College Intellectuals & Academics Economists INTJ Gemini Celebrities John Maynard Keynes was the most influential British economist of the 20th century whose ideas fundamentally changed the practice of macroeconomics and the economic policies of the world. He is regarded as the founder of macroeconomics. He introduced Keynesian principles to the world that created a revolution in economic thinking with its unconventional approach. It challenged neoclassical economics and brought to the forefront the importance of state intervention to moderate the economic activity of the country and control the ‘boom’ and ‘bust’ phases. His 1936 book ‘The General Theory of Unemployment, Interest and Money’ was path-breaking in terms of content. Through his book, he argued that full employment could be maintained only with the help of government spending and that it could not always be reached by making wages sufficiently low. He believed that unemployment is basically caused if people don’t spend enough money. Lower spending results in demand falling further and a vicious circle commences which leads to job losses and a further fall in spending. Keynes’ solution to the problem was that governments should borrow money and boost demand by pushing the money into the economy. Once the economy has recovered and is expanding, governments should pay back the loans. Keynes was also responsible for the foundation of the International Monetary Fund (IMF) and World Bank (WB). Till date, he is best remembered as one of the world’s most influential economists of all time.

Personal Details

Birthday: June 5, 1883 Died on: April 21, 1946 Nationality: British Famous: Bisexual, Cambridge University, Eton College, Intellectuals & Academics, Economists, INTJ Spouses: Lydia Lopokova (m. 1925-1946) Siblings: Margaret Neville Keynes, Sir Geoffrey Keynes Childrens: Sir Geoffrey Keynes Information Detail Birthday June 5, 1883 Died on April 21, 1946 Nationality British Famous Bisexual, Cambridge University, Eton College, Intellectuals & Academics, Economists, INTJ Spouses Lydia Lopokova (m. 1925-1946) Siblings Margaret Neville Keynes, Sir Geoffrey Keynes Childrens Sir Geoffrey Keynes Universities Cambridge University,Eton College King's College Cambridge Eton College University of Cambridge Notable Alumnis Cambridge University Eton College Birth Place CambridgeApril Political Ideology Liberal Party Gender Male Father John Neville Keynes, Mother Florence Ada Keynes Sun Sign Gemini Born in CambridgeApril Famous as Economist Died at Age 62

CambridgeApril

John Maynard Keynes born at Unsplash Birth Place

John Maynard Keynes entered into a romantic relationship with Lydia Lopokova, a well-known Russian ballerina and one of the stars of Sergei Diaghilev's ‘Ballets Russes’ in 1921. The two married in 1925. Unsplash Personal Life

Keynes was a bisexual and had an affair with Duncan Grant in his early years. Grant served as his best man at the wedding. Keynes and Lopokova had no children. Unsplash Personal Life

He suffered from bad health towards the end of his career. While negotiating for the Anglo-American loan in Savannah, Georgia, in pursuit of favourable terms for UK, he suffered from a series of heart attacks. On returning to England, he suffered from yet another heart attack on April 21, 1946, which caused his death. He was aged 62. Unsplash Personal Life

John Maynard Keynes was born on June 5, 1883 in Cambridge to economist father John Neville Keynes and social reformer mother Florence Ada Keynes. He had two younger siblings. Unsplash Childhood & Early Life

Keynes started his education at the age of five and a half. However frail health led him to be tutored at home. He entered St Faith's Preparatory School in 1892. Academically bright, he gained a scholarship that earned him a place at Eton College in 1897. It was at Eton that he developed his love for mathematics, classics and history. Unsplash Childhood & Early Life

He won yet another scholarship in 1902 which led him to move to King’s College, Cambridge. While at Cambridge, economist Alfred Marshall implored him to study economics but in vain as Keynes became interested in philosophy instead. Unsplash Childhood & Early Life

In 1904, Keynes graduated with a Bachelor’s degree in Mathematics. Thereafter, he spent two years at the university campus, taking part in debates, studying philosophy and informally attending economics lectures as a graduate student for a term. This marked his only formal education in economics. In 1905, Keynes studied for Tripos and in the following year took civil service exams. Unsplash Childhood & Early Life

In 1906, Keynes began his career in civil service as a clerk at the India Office. Though he enjoyed his work initially, he got bored by 1908 and resigned from his duty to return to Cambridge. At Cambridge, he began to work on probability theory. Unsplash Career

In 1909, Keynes published his first professional economics article in the ‘Economics Journal’, on the effect of a global economic downturn on India. The same year, he accepted the post of a lecturer in economics offered by Marshall. Unsplash Career

In 1913, based on his experience at the India Office, Keynes published his first book titled ‘Indian Currency and Finance.’ Following this publication, he was appointed to the Royal Commission on Indian Currency and Finance. At the commission, he reasonably fared well, by applying economic theory to practical problems. Unsplash Career

With the onset of the World War I, Keynes was called on by the British government for his expertise. In 1915, he accepted a post at the Treasury. His role included designing the terms of credit between Britain and its continental allies, and acquisition of scarce currencies. Unsplash Career

His sharp insight and strong acumen helped him work his ways up to the bureaucracy. In 1919, he was appointed financial representative for the Treasury to the 1919 Versailles peace conference. Unsplash Career

John Maynard Keynes’ most prominent work came in 1936 with his book ‘The General Theory of Employment, Interest and Money’. The book became a benchmark for future economic thought and laid the foundation for Keynesian principles that have sustained till date. Through the book, Keynes created a revolution in economic thinking by bringing to foray the importance of budget deficit. Unsplash Major Works

Information	Detail
Birthday	June 5, 1883
Died on	April 21, 1946
Nationality	British
Famous	Bisexual, Cambridge University, Eton College, Intellectuals & Academics, Economists, INTJ
Spouses	Lydia Lopokova (m. 1925-1946)
Siblings	Margaret Neville Keynes, Sir Geoffrey Keynes
Childrens	Sir Geoffrey Keynes
Universities	Cambridge University,Eton College King's College Cambridge Eton College University of Cambridge
Notable Alumnis	Cambridge University Eton College
Birth Place	CambridgeApril
Political Ideology	Liberal Party
Gender	Male
Father	John Neville Keynes,
Mother	Florence Ada Keynes
Sun Sign	Gemini
Born in	CambridgeApril
Famous as	Economist
Died at Age	62

John Maynard Keynes

British

Jun 5, 1883

Biography

Personal Details

CambridgeApril