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2024-04-12 14:16:12

John Maynard Keynes

Keynes was an influential English economist and philosopher.
Keynes was an influential English economist and philosopher.
John Maynard Keynes revolutionized macroeconomics, advocating for government intervention in economic recessions. His ideas laid the foundation for Keynesian economics and influenced global economic policies.
1883-06-05
Birth of John Maynard Keynes
John Maynard Keynes, a British economist, was born on June 5, 1883. He is known as one of the most important figures in the history of economics.
1889-01
Keynes starts kindergarten at Perse School for Girls
At the age of five and a half, Keynes began attending the kindergarten of the Perse School for Girls. Despite showing talent in arithmetic, he faced health issues leading to frequent absences. He received tutoring at home from a governess and his mother.
1896
Academic Achievement of John Maynard Keynes
In 1896, John Maynard Keynes excelled in mathematics and was described as head and shoulders above all the other boys in his school, showing early signs of his intellectual promise.
1897-07-12
Keynes Begins Eton
Keynes starts at Eton three days late due to illness. He is noted for his intellectual self-confidence and leadership qualities among his classmates.
1899
Keynes wins Senior Mathematics Prize at Eton
In 1899, Keynes achieved success by winning the Senior Mathematics Prize at Eton, showcasing his talent and dedication in the field of mathematics.
1900-02-04
Keynes' Stance on Boer War
During the Boer War, Keynes refuses to join the 'Eton Shooters' for military training, expressing his views on patriotism and waving the Union Jack.
1901
Keynes excels in mathematics, history, and English essay at Eton
In 1901, Keynes achieved remarkable success by securing the first position in mathematics, history, and English essay at Eton, highlighting his diverse academic abilities and achievements.
1902-10
Keynes Begins at King's College, Cambridge
Keynes starts his undergraduate studies at King's College, Cambridge, where he actively engages in social activities and intellectual societies.
1904-05
First class BA in mathematics
In May 1904, John Maynard Keynes received a first class BA in mathematics from Cambridge, England.
1905-05
Keynes becomes twelfth wrangler
In May 1905, John Maynard Keynes took the examination and achieved the twelfth position, which was considered average. Despite various distractions, he performed better than expected.
1905-06
Keynes starts studying economics under Alfred Marshall
During the Summer of 1905, Keynes began studying economics under the guidance of Alfred Marshall, contemplating the idea of pursuing an economics degree.
1906-08
Keynes takes Civil Service examinations and enters the India Office
In August 1906, John Maynard Keynes participated in the Civil Service examinations and secured the second position among the ten accepted candidates. He chose to enter the India Office after the top candidate opted for the treasury department.
1906-10
John Maynard Keynes starts work at the India Office
In October 1906, John Maynard Keynes began working as a junior clerk at the India Office in London. His time at the India Office, examining financial reports and handling data, started shaping his economic thinking, particularly on index numbers.
1908-06-05
Resignation from the India Office
Keynes resigned from the India Office on June 5, 1908, due to dissatisfaction with the career opportunities provided. He decided to focus on his own work and pursue a Fellowship at King's College.
1909-01-19
Keynes Begins Lecturing at Cambridge
Keynes starts lecturing at Cambridge University on Money, Credit, and Prices three times a week.
1910
Keynes takes on Pigou's principles class
In 1910, John Maynard Keynes took on the duties of Pigou's principles class in addition to lecturing on money and banking. This expanded his academic responsibilities.
1911-12-31
Keynes appointed editor of The Economic Journal
In 1911, John Maynard Keynes was appointed as the editor of The Economic Journal, succeeding Francis Ysidro Edgeworth. This marked a significant milestone in Keynes's career.
1913-12
Review of Keynes's Indian Currency and Finance by Harold Reed
In December 1913, Harold Reed published a review of John Maynard Keynes's work 'Indian Currency and Finance' in the American Economic Review.
1914-08-02
Keynes Advises Lloyd George on Banking Crisis
On August 2, 1914, just before the outbreak of World War I, Keynes rushed to London to advise Lloyd George on a banking crisis, where the City was in panic and facing a credit crunch.
1915-01-06
Keynes joins the British Treasury to assist with financing the war economy
In January 6, 1915, John Maynard Keynes left Cambridge to join the British Treasury and assist in financing the British war economy during World War I. Initially working as an assistant to economic advisor Sir George Paish, Keynes played a crucial role in shaping economic policies during the war.
1916-02
Keynes becomes indispensable expert on inter-allied finance
By February 1916, John Maynard Keynes positioned himself as an indispensable expert on inter-allied finance, working independently and authoring memoranda.
1916-05
Keynes opposes new military conscription law
In May 1916, John Maynard Keynes opposed the new military conscription law, arguing that it would negatively impact British export industries.
1917-02
Keynes name struck out of honors list
In February 1917, Lloyd George personally removed John Maynard Keynes' name from the honors list, although Keynes later received the Companion of Bath.
1917-09
Keynes' First Trip to the United States
In September 1917, John Maynard Keynes traveled to the United States to negotiate terms for American loans with the US Treasury, as Britain faced a foreign funding crisis. He aimed to address the issue of private American savings being diverted from London to fund America's wartime borrowing.
1917-10
Keynes' Return to England
In late October 1917, John Maynard Keynes returned to England after his trip to the United States where he negotiated with the US Treasury on terms for American loans. This marked a significant moment in the efforts to address the foreign funding crisis faced by Britain.
1918
Negotiations with Americans for Allied Funding
In early 1918, Keynes attempted to persuade the Americans to increase their financial support for the Allies' purchases of American goods, while ensuring British control over the funding.
1919-06-07
Keynes resigns from the conference and the Treasury
Keynes resigned from the conference and the Treasury on June 7, 1919, due to his opposition to the devastating consequences of heavy reparations payments imposed on Germany.
1919-06-28
Financial representative at Versailles peace conference
In June 1919, Keynes was appointed as the financial representative for the Treasury to the Versailles peace conference, where he played a significant role.
1920-03-27
Speeches on 'The Economic Consequences of the Peace' by LFNA
On March 27, 1920, speeches on 'The Economic Consequences of the Peace' were delivered by P. Cravath, A.A. Young, A.S. Johnson, and D.H. Miller.
1922-01
Review of Keynes's Treatise on Probability by F.Y. Edgeworth
A review of John Maynard Keynes's work on probability by F.Y. Edgeworth in 1922.
1922-07
Review of Keynes's Treatise on Probability by Bertrand Russell
Bertrand Russell wrote a review of John Maynard Keynes's Treatise on Probability in July 1922.
1922-08
Review of Keynes's Revision of the Treaty by F.A. Ogg
F.A. Ogg reviewed John Maynard Keynes's Revision of the Treaty in August 1922.
1923-02-01
Mr. Keynes on the economic outlook
Mr. Keynes shared his views on the economic outlook in 1923.
1923-07-20
Review of Keynes's Tract on Monetary Reform by François Simiand
François Simiand published a review of John Maynard Keynes's Tract on Monetary Reform in July 1923.
1924-03
Review of Keynes's Tract by Edwin Cannan
Edwin Cannan wrote a review of John Maynard Keynes's Tract in March 1924.
1924-06
Review of Keynes's Tract on Monetary Reform by R.G. Hawtrey
In June 1924, R.G. Hawtrey published a review of John Maynard Keynes's Tract on Monetary Reform in the Economic Journal.
1924-07
Keynes testifies before Macmillan Committee
In July 1924, John Maynard Keynes testified before the Macmillan Committee, where he reiterated his argument against resuming the Gold Standard. His view, supported by Reginald McKenna, was dismissed by British Treasury officials as the 'Keynes-McKenna view'.
1924-12
Review of Keynes's Tract on Monetary Reform by R.N. Owens
In December 1924, R.N. Owens conducted a review of John Maynard Keynes's Tract on Monetary Reform in the Journal of Political Economy.
1925-04-24
Keynes' Marriage to Lydia Lopokova
Keynes marries Lydia Lopokova, a well-known Russian ballerina, and begins advising her financially.
1926
Ramsey publishes paper against Keynes' arguments on probability
In 1926, Frank Ramsey published a paper titled 'Truth and probability' where he argued against Keynes' views on probability, examining the contrasting perspectives of the two scholars.
1927
Review of Keynes's End of Laissez-Faire by Ludwig von Mises
Ludwig von Mises reviewed John Maynard Keynes's End of Laissez-Faire in 1927, offering a different perspective on Keynes's views on economic policy.
1928
Formation of the Yellow Book
In early 1928, the Liberal Industrial Inquiry produced a famous 'Yellow Book' advocating for a 'National Development Program' of public capital expenditures as employment policy.
1929-11-05
Keynes suggests tariffs to rebalance trade balance
In 1929, Keynes proposed the introduction of tariffs on imports to help rebalance the trade balance as a measure to bring the British economy out of crisis.
1930-01
Keynes proposes protectionist measures
In January 1930, Keynes suggested the introduction of a system of protection to reduce imports as a way to rebalance the trade balance and stimulate production and employment.
1930-07
Establishment of the Committee of Economists
In July 1930, John Maynard Keynes convinced Prime Minister MacDonald to create the 'Committee of Economists' as a separate entity from the Economic Advisory Council. This committee comprised solely of economists aimed to freely discuss and brainstorm economic policies.
1931-03-13
Keynes criticizes perfect sectoral labour mobility assumption
In a Daily Mail article in March 1931, Keynes criticized the assumption of perfect sectoral labour mobility, stating that it was unrealistic to expect unemployed individuals to easily find new jobs without incurring costs like job search and training.
1932-02
Reflections on the Pure Theory of Money of Mr. J.M. Keynes (continued)
In February 1932, F.A. von Hayek continued his reflections on the Pure Theory of Money by J.M. Keynes in Economica.
1933-07
Keynes advocates for National Self-Sufficiency
In July 1933, Keynes published an article in the New Statesman and Nation promoting the idea of national self-sufficiency over the specialization of economies. He argued for maintaining a diversity of activities for nations and expressed sympathy for protectionism.
1934
Keynes Addresses President Roosevelt
In 1934, Keynes was persuaded by Felix Frankfurter to address President Roosevelt directly, leading to correspondence and a face-to-face meeting. This interaction marked the beginning of a positive relationship between the two men.
1935-08
Keynes's Letter to Roy Harrod
In August 1935, Keynes wrote a letter to Roy Harrod, expressing his motivation to intensify his assault on the classical school of economics in order to be understood and provoke a response. He emphasized the importance of creating controversy to ensure his ideas are properly comprehended.
1936
Keynes's General Theory of Employment, Interest and Money
Keynes published his influential work 'General Theory of Employment, Interest and Money' in 1936, which had a significant impact on economic theory and policy. The book focused on the causes of prolonged periods of high unemployment and proposed government intervention to stimulate demand.
1936-02
Publication of 'The General Theory of Employment, Interest and Money'
Keynes publishes 'The General Theory of Employment, Interest and Money', proposing new economic theories on aggregate quantities of output and expenditure.
1936-08
Keynes' Letter to Roy Harrod
Keynes expressed his thoughts on the theory of demand and supply for output as a whole, emphasizing the importance of effective demand and the disappearance of this theory in economics. He highlighted the transition in his thinking process, including the psychological law related to income and consumption, the notion of interest as the measure of liquidity preference, and the definition of the marginal efficiency of capital.
1937
Introduction of IS-LM representation of Keynes's theory by John Hicks
In 1937, John Hicks introduced the 'IS-LM' representation of Keynes's theory, which played a crucial role in the development of the Neoclassical-Keynesian Synthesis. This representation became dominant in post-war macroeconomics.
1938
Keynes's Correspondence on General Theory
In 1938, Keynes expressed frustration with the excessive interpretation of his work, emphasizing the importance of focusing on what he actually said rather than speculative theories.
1938-06-25
Marriage to Rose Director
On June 25, 1938, John Maynard Keynes married Rose Director. Their union marked a significant personal event in Keynes's life.
1939
Keynes's recovery and focus on practical economics
Keynes began to recover from his health issues in 1939, shifting his professional energies towards practical economics. He focused on resource allocation for war efforts, post-war negotiations, and the international financial order.
1940
Publication of How to Pay for the War pamphlet
In 1940, John Maynard Keynes published a pamphlet titled How to Pay for the War, where he addressed the 'inflationary gap' caused by resource limitations during World War II. He suggested implementing 'compulsory saving' and rationing to curb price inflation, which were later adopted in 1941.
1941-09
Keynes proposed for the Court of Directors of the Bank of England
In September 1941, Keynes was proposed to fill a vacancy in the Court of Directors of the Bank of England, where he subsequently served a full term starting from April the following year.
1942-03-03
Assisting US Department of the Treasury during WW2
On March 3, 1942, John Maynard Keynes provided assistance to the US Department of the Treasury during World War II. His expertise and insights contributed to economic strategies during the war.
1942-06
Keynes receives hereditary peerage in King's Birthday Honours
In June 1942, Keynes was honored with a hereditary peerage in the King's Birthday Honours, becoming 'Baron Keynes, of Tilton, in the County of Sussex' and taking his seat in the House of Lords.
1943
Keynes proposes 'Bancor' for an international clearing union
In 1943, Keynes developed the concept of 'Bancor' as a solution for an international clearing union, aiming to stabilize post-war economic order.
1944-02
Keynes Advocates Public-Works Expenditures
In February 1944, Keynes expressed his continued advocacy for public-works expenditures as a necessary component of a full-employment policy, emphasizing the importance of stable long-term programs to prevent serious fluctuations.
1944-03
Keynes discusses import restrictions with James Meade and Marcus Fleming
In March 1944, Keynes engaged in discussions with James Meade and Marcus Fleming regarding import restrictions. He considered quotas more effective than currency depreciation in addressing external imbalances, signaling a shift towards a protectionist stance.
1944-12
Keynes Emphasizes Public-Works Expenditures
In December 1944, Keynes reiterated his support for public-works expenditures as essential for a full-employment policy, highlighting the crucial role of a low rate of interest in implementing this strategy.
1945-09
Keynes negotiates American grant for Great Britain
In September 1945, John Maynard Keynes undertook a strenuous journey to America on behalf of the Attlee Labour government to negotiate a $5 billion American grant for war-torn Great Britain. However, he only managed to arrange a guarantee of an American loan of $3.75 billion with trade concessions attached.
1946-04-21
Death of John Maynard Keynes
Keynes passed away on April 21, 1946, leaving behind a legacy in economics and being survived by his father, John Neville Keynes, who was also a notable economist.
1946-04-22
Death of John Maynard Keynes
John Maynard Keynes passed away on April 22, 1946, just two months before the ratification of a loan by the British parliament that he had been advocating for.
1946-06-22
Keynes' Death
John Maynard Keynes passes away at home, leaving behind a legacy of influential economic theories and contributions.
1947
Publication of 'The New Economics: Keynes's Influence on theory and public policy' edited by Seymour E. Harris
In 1947, Seymour E. Harris edited 'The New Economics: Keynes's Influence on theory and public policy', highlighting Keynes's impact on economic theory and public policy.
1948
The Economics of John Maynard Keynes
The book 'The Economics of John Maynard Keynes' was published in 1948. It provides insights into the economic theories and contributions of John Maynard Keynes.
1950
Towards a bibliography of John Maynard Keynes
In 1950, R.J.S. Hudson worked on compiling a bibliography of John Maynard Keynes, with the manuscript located in the Library of King’s College, Cambridge.
1951
Keynes's Ambivalent Attitude Towards Mathematical Analysis
In 1951, Keynes's ambivalent attitude towards the role of mathematical analysis in economics was highlighted, showcasing his reservations and occasional use of mathematical analysis.
1956
Patinkin's Critique of Keynes's Misrepresentation of Mill's Discussion of Say's Law
In 1956, Patinkin pointed out Keynes's misrepresentation of the passage in Mill's discussion of Say's Law, highlighting inaccuracies in Keynes's interpretation.
1960
Critics of Keynesian Economics
A book edited by Henry Hazlitt in 1960 that compiles reviews of various economists who criticized Keynesian Economics, including Viner, Knight, Hayek, and others.
1962
What Keynes Means: a critical clarification of the economic theories of John Maynard Keynes
A book titled 'What Keynes Means: a critical clarification of the economic theories of John Maynard Keynes' by Anatol Murad was published in 1962.
1964
Comment on my 1936 review of Keynes' General Theory
J. Viner's commentary on his 1936 review of Keynes' General Theory, published in Lekachman.
1969
The age of Keynes : a biographical study
The biographical study 'The age of Keynes' was published in 1969 by R Lekachman. It provides insights into the life and times of John Maynard Keynes, exploring his impact on economics.
1971
Activities 1914-1919: the Treasury and Versailles
Record of engagements during 1914-1919, focusing on roles in the Treasury and involvement in the Versailles Treaty.
1972
Essays in Persuasion
Keynes' 'Essays in Persuasion' were published in 1972.
1973
The General Theory and After: Part 1 - Preparation
A publication related to the General Theory and its subsequent developments, focusing on the preparation phase.
1974
Comparison of Keynes' Theories
The comparison between Keynes' Treatise and General Theory highlighted the evolution of his ideas, particularly in terms of liquidity preference theory and the distinction between stocks and flows in economic analysis.
1975
Essays on John Maynard Keynes
The collection of essays 'Essays on John Maynard Keynes' was published in 1975. It offers various perspectives on Keynes's economic ideas and their implications.
1976
Keynes
The book 'Keynes' was published in 1976 by D E Moggridge. It offers a comprehensive look into the life and works of John Maynard Keynes, analyzing his economic theories and their significance.
1977
Activities 1920-1922: Treaty Revision and Reconstruction
Account of activities from 1920-1922, highlighting efforts in treaty revision and post-war reconstruction.
1978
Activities 1922-1932: The End of Reparations
Chronicle of events spanning 1922-1932, particularly focusing on the conclusion of reparations.
1979
Publication of The General Theory and After: A Supplement
A supplement to The General Theory by John Maynard Keynes was published in 1979.
1980
Publication of Keynes by Donald Moggridge
Donald Moggridge released the 2nd edition of 'Keynes' in London in 1980, focusing on the renowned economist John Maynard Keynes.
1981
The Business Response to Keynes, 1929-1964 by Robert M. Collins
A study on the business community's reaction to the economic theories of John Maynard Keynes, covering the period from 1929 to 1964, authored by Robert M. Collins in 1981.
1982
Critique by Patinkin
In 1982, Patinkin criticized deficiencies in Keynes's presentation of effective demand theory, pointing out errors in applying the marginal concept correctly.
1983
John Maynard Keynes: Hopes Betrayed 1883–1920
Volume 1 of a biography by R. Skidelsky, covering the early life of John Maynard Keynes up to 1920.
1984
John Maynard Keynes
The book 'John Maynard Keynes' was published in 1984. It delves into the life and works of Keynes, shedding light on his economic theories and influence.
1985
Publication of 'Keynes and Australia' by Donald J Markwell
In 1985, Donald J Markwell published 'Keynes and Australia', a work that explores the relationship between John Maynard Keynes and Australia. The book may delve into Keynesian economic principles and their impact on the Australian economy.
1986
Keynes and the international monetary system 1909–46 by Donald Moggridge
In 1986, Donald Moggridge delved into 'Keynes and the international monetary system 1909–46', exploring Keynes' impact on global finance.
1987
Publication of 'Keynes and the Method of Analogy'
An article exploring Keynes's approach to the method of analogy was published in 1987.
1988
The Origins of the Keynesian Revolution
R.W. Dimand's work in 1988 focused on the development of Keynes' theory of employment and output.
1989
Keynes: Philosophy, economics and politics
R.M. O'Donnell's 1989 book delves into the philosophy, economics, and politics surrounding John Maynard Keynes.
1990
Life, Ideas, Legacy by Mark Blaug
A book titled 'John Maynard Keynes, Life, Ideas, Legacy' written by Mark Blaug was published in 1990, focusing on the life, ideas, and legacy of John Maynard Keynes.
1992
Maynard Keynes: An economist's biography by Donald E. Moggridge
A biography focusing on the economist John Maynard Keynes, written by Donald E. Moggridge and published in 1992.
1993
Wittgenstein Film
In the 1993 film Wittgenstein directed by Derek Jarman, Keynes was played by John Quentin.
1994
Keynes, Einstein and Scientific Revolution by James K. Galbraith
The book 'Keynes, Einstein and Scientific Revolution' by James K. Galbraith was published in 1994.
1995
To what extent was Keynes's General Theory revolutionary and to what extent was it based on past economic theories by Aaron Einbond
An analysis by Aaron Einbond in 1995, published in Concord Review, discussing the revolutionary aspects of Keynes's General Theory and its relation to previous economic theories.
1996
Monetary Reform: Review of Keynes's Tract on Monetary Reform by Brad De Long
In 1996, Brad De Long wrote a review titled 'Monetary Reform: Review of Keynes's Tract on Monetary Reform' discussing Keynes's work on monetary reform.
1997
Publication of 'Varieties of Subjectivism: Keynes and Hayek on Expectations' by W. Butos and R. Koppl
In 1997, W. Butos and R. Koppl published 'Varieties of Subjectivism: Keynes and Hayek on Expectations', which likely compares the perspectives of John Maynard Keynes and Friedrich Hayek on expectations in economics. The work may shed light on the differences in their economic theories.
1998
Publication of 'Keynes e Moore: il ruolo dei Principia Ethica in 'My Early Belief'' by Maria Michela Marzano
In 1998, Maria Michela Marzano published 'Keynes e Moore: il ruolo dei Principia Ethica in 'My Early Belief'', which may discuss the influence of Principia Ethica on John Maynard Keynes' early beliefs. The work could provide insights into Keynes' philosophical and ethical foundations.
1999
Inclusion of Keynes among Most Important People of the Century by Time Magazine
In 1999, Time magazine recognized John Maynard Keynes as one of the Most Important People of the Century, highlighting his radical economic ideas that influenced government spending policies.
2003-10
Last Update of John Maynard Keynes Information
The information about John Maynard Keynes was last updated in October 2003 by DJF, JOC, and EFR at the School of Mathematics and Statistics, University of St Andrews, Scotland.
2004
Keynes and Mitrany as instigators of European Governance
A study by G.M. Ambrosi in 2004 highlighting the influence of Keynes and Mitrany on European Governance.
2005
Keynes' General Theory of Interest: A Reconsideration by Fiona Maclachlan
In 2005, Fiona Maclachlan published a work titled 'Keynes' General Theory of Interest: A Reconsideration' which reevaluated Keynes's general theory of interest.
2007
The Immoral Moral Scientist, John Maynard Keynes
A book titled 'The Immoral Moral Scientist, John Maynard Keynes' by Nina Paulovicova was published in 2007.
2008-12
Keynesian Policy Resurgence
In December 2008, there was a sudden resurgence of Keynesian policy, marking a significant reversal of economic orthodoxy that had been dominant for several decades.
2009-04-27
Ricardo Reis on Keynes, Macroeconomics, and Monetary Policy
Ricardo Reis talks about Keynes, Macroeconomics, and Monetary Policy in an EconTalk podcast from April 27, 2009.
2010
Reading Keynes's Treatise on Probability
An analysis of Keynes's Treatise on Probability by Christian Robert.
2011-01-24
Steve Fazzari on Stimulus and Keynes, an EconTalk podcast
Steve Fazzari discusses stimulus and Keynes in an episode of EconTalk.
2011-10-17
Nicholas Wapshott on Keynes and Hayek
Nicholas Wapshott discusses the ideas of Keynes and Hayek in an EconTalk podcast from October 17, 2011.
2013-05-06
Gold is Money, In Spite of Mr. Keynes by Pedro Schwartz
Pedro Schwartz presents the argument that gold is money despite the views of Keynes.
2014
Diplomacy and Statecraft
A book titled 'Diplomacy and Statecraft' authored by Stephen A. Schuler was published in 2014.
2015-09-07
Keynes as Lucifer by Pedro Schwartz
Pedro Schwartz portrays Keynes as Lucifer in his analysis.
2020-12-07
Of Kings, Keynes, and Capitalism by Alberto Mingardi
Alberto Mingardi discusses the relationship between kings, Keynes, and capitalism in his work.
2021
Love Letters Performance
Love Letters, based on the correspondence of Keynes and Lydia Lopokova, was performed by Tobias Menzies and Helena Bonham-Carter at Charleston in 2021.
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John Maynard Keynes

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John Maynard Keynes

Keynes was an influential English economist and philosopher.
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