John Maynard Keynes

John Maynard Keynes, 1st Baron Keynes,CB, FBA (/ˈknz/ KAYNZ; 5 June 1883 – 21 April 1946), was an English economist whose ideas fundamentally changed the theory and practice of modern macroeconomics and the economic policies of governments. He built on and greatly refined earlier work on the causes of business cycles, and is widely considered to be one of the most influential economists of the 20th century and the founder of modern macroeconomics. His ideas are the basis for the school of thought known as Keynesian economics and its various offshoots.

In 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. He instead argued that aggregate demand determined the overall level of economic activity and that inadequate aggregate demand could lead to prolonged periods of high unemployment. According to Keynesian economics, state intervention was necessary to moderate "boom and bust" cycles of economic activity. Keynes advocated the use of fiscal and monetary policies to mitigate the adverse effects of economic recessions and depressions. Following the outbreak of World War II, Keynes's ideas concerning economic policy were adopted by leading Western economies. In 1942, Keynes was awarded a hereditary peerage as Baron Keynes of Tilton in the County of Sussex. Keynes died in 1946; but, during the 1950s and 1960s, the success of Keynesian economics resulted in almost all capitalist governments adopting its policy recommendations.

Keynes (disambiguation)

The name Keynes is an anglicization of the Norman place-name Cahagnes, sometimes spelled Kahaignes in the Middle Ages. Its meaning is unclear.

Keynes may refer to the following:

People with the surname Keynes

  • John Keynes (Jesuit) (1624–1697), Jesuit and religious controversialist
  • John Maynard Keynes, (1883–1946) British economist widely considered founder of modern macroeconomics and most influential economist of the 20th century
  • John Neville Keynes, British economist and father of John Maynard Keynes
  • Dr William Milo Keynes, English doctor and author
  • Quentin Keynes, traveller and bibliophile
  • Randal Keynes, English author
  • Richard Darwin Keynes (1919-2010), English physiologist
  • Simon Keynes, Elrington and Bosworth Professor of Anglo-Saxon, University of Cambridge
  • Skandar Keynes (born 1991), British actor, son of Randal
  • Soumaya Keynes (born 1989), British radio actor, daughter of Randal
  • Placenames in England containing the name Keynes

  • Ashton Keynes, a village in Wiltshire
  • 9917 Keynes

    9917 Keynes is a main belt asteroid. It orbits the Sun once every 3.65 years.

    Discovered on June 26, 1979 by Carlos Torres at the Cerro El Roble Astronomical Station, it was given the provisional designation "1979 MK" and later named Keynes after British economist John Maynard Keynes (1883–1946). This choice of name may have been inspired by the provisional designation (MK).

    References

    External links

  • 9917 Keynes at the JPL Small-Body Database
  • Discovery · Orbit diagram · Orbital elements · Physical parameters

  • Podcasts:

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    Latest News for: keynes

    Man shot dead by police in Milton Keynes

    BBC News 25 Apr 2025
    David Joyce, 38, was shot by an armed officer at Milton Keynes Central Station on 1 April after Thames Valley Police responded to reports of a man carrying a gun ... Mr Joyce, who lived in Milton Keynes ...

    Update on investigation into police shooting of David Joyce in Milton Keynes (OPC - Independent Office for Police Conduct)

    Public Technologies 25 Apr 2025
    Our independent investigation into the circumstances surrounding the fatal police shooting of David Joyce outside Milton Keynes railway station on 1 April continues to progress ... in Milton Keynes'.

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    BBC News 24 Apr 2025
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    Milton Keynes charity wants mandatory knife crime education

    BBC News 23 Apr 2025
    Maya Joseph-Hussain, who is chief executive at the Safety Centre in Milton Keynes, said "every young child should have access to this education". Knife crime prevention is discussed in schools but is not mandatory ... .

    Historic windmill in Milton Keynes looks set to be restored

    BBC News 17 Apr 2025
    Milton Keynes City Council said it would spend £470,000 on the Grade II-listed Bradwell windmill to fix failing infrastructure, conserve historic fabric and improve access and usability for visitors.

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    New Statesman 16 Apr 2025
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    Thug admits murdering two women in brutal Christmas Day Milton Keynes stabbing

    The Mirror 15 Apr 2025
    Jazwell Brown, 49, has pleaded guilty to murdering Joanne Pearson, 38, and Teohna Grant, 24, at an address in Santa Cruz Avenue, Bletchley, on Christmas Day and trying to kill two others ... .

    33.7 Million working days lost to job related health issues or injuries in the past year (Milton Keynes Chamber of Commerce Ltd)

    Public Technologies 14 Apr 2025
    ) The HSE released the statistics for work-related injuries and illness and the figures are sobering ... [...] ... Attachments Original document Permalink. Disclaimer. Milton Keynes Chamber of Commerce Ltd.

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