John Maynard Keynes biography at QuotationFun

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A Short Biography of John Maynard Keynes

Author Name:

John Maynard Keynes

Born As:

John Maynard Keynes

Other Names:

John Maynard Keynes, 1st Baron Keynes, CB.

Born:

05 Jun 1883

Died:

21 Apr 1946

Economist

Time Magazine named Keynes one of the 100 most influential people of the 20th century and reported that, "His radical idea that governments should spend money they don't have may have saved capitalism - 1999.

In the 1930s, Keynes spearheaded a revolution in economic thinking, overturning the older ideas of neoclassical economics that held that free markets would automatically provide full employment as long as workers were flexible in their wage demands. Following the outbreak of World War II Keynes's ideas concerning economic policy were adopted by leading Western economies. During the 1950s and 1960s, the success of Keynesian economics was so resounding that almost all capitalist governments adopted its policy recommendations.