On This Day

John Maynard Keynes

economist

Born: Died: English

John Maynard Keynes, 1st Baron Keynes ( KAYNZ; 5 June 1883 – 21 April 1946), was an English economist whose ideas fundamentally changed the theory and practice of macroeconomics and the economic policies of governments. Originally trained in mathematics, he built on and greatly refined earlier work on the causes of business cycles. One of the most influential economists of the 20th century, he produced writings that are the basis for the school of thought known as Keynesian economics, and its various offshoots. His ideas, reformulated as New Keynesianism, are fundamental to mainstream macroeconomics. He is known as the "father of macroeconomics".

Keynes was educated at King's College at the University of Cambridge, where he graduated in 1904 with a B.A. in mathematics. During the Great Depression of the 1930s, Keynes spearheaded a revolution in economic thinking, challenging the ideas of neoclassical economics that held that free markets would, in the short to medium term, automatically provide full employment, as long as workers were flexible in their wage demands.

Notable For

British economist

John Maynard Keynes's Historical Timeline

  1. International Monetary Fund and International Bank for Reconstruction and Development are formally established with the

    International Monetary Fund and International Bank for Reconstruction and Development are formally established with the signing of articles of agreement by member countries, ratifying Bretton Woods Conference findings based on ideas of economists Harry Dexter White and John Maynard Keynes [1]

  2. John Maynard Keynes dies

    John Maynard Keynes, English economist, known for british economist, died on 1946-04-21.

Associated Historical Events

Frequently Asked Questions

When was John Maynard Keynes born?
John Maynard Keynes was born on 1883-04-21 (English).
What is John Maynard Keynes known for?
British economist
What historical events involved John Maynard Keynes?
John Maynard Keynes was involved in 2 recorded historical events, including International Monetary Fund and International Bank for Reconstruction and Development are formally established with the , John Maynard Keynes dies.
When did John Maynard Keynes die?
John Maynard Keynes died on 1946-01-01.

Related Years