John Maynard Keynes

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Duncan Grant, 1908.

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John Maynard Keynes was everything the world wished to believe could exist in a single person. This most famous of the twentieth century economists led a fascinating, though at time, tumultuous life. From intellect and refinement to precision and analysis, John Maynard Keynes did not skimp on characteristics that would drastically change the world, if not improve it. Who else could collect modern art, keep up with his ballerina-wife’s social calender (Lydia Lopokova), spend his soirees with literary heavies, the likes of Virginia Wolf and George Bernard Shaw, and change the world’s approach to money, banking and budgeting in a single life-time? Keynes’s followers and supporters are referred to as Keynesians. But even when not exactly of the modern school of The General Theory of Employment, Interest and Money, we cannot deny the power of his most famous book:The General Theory of Employment, Interest, and Money. Keynes contributed in many ways. He participated in devising solutions for post war efforts of the Great War. He was much involved in pulling the world out of its Great Depression. John Maynard Keynes transcended continents in his search for a better world economy. He is credited with a list of works. He proposed many reforms for the Gold Standard. During his stay in India, Keynes wrote Economic Consequences of the Peace (1919), in which he denounced the The Treaty of Versailles, and earned an international recognition. Other works by Keynes include Treatise on Probability (1921), Tract on Monetary Reform (1923), Essays in Persuasion (1931), Treatise on Money, the theory of the income-expenditure multiplier, and many articles and papers. Keynes is famous for many theories, including  The Spending Multiplier, Changes in Money Wages, Expectations as Determining Output and Employment, The General Theory of the Rate of Interest, and much more. For a more comprehensive list click here.

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