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John Maynard Keynes, 1st Baron Keynes [3] CB, FBA (/ k eɪ n z / KAYNZ; 5 June 1883 – 21 April 1946), was an English economist and philosopher whose ideas fundamentally changed the theory and practice of macroeconomics and the economic policies of governments.
John Maynard Keynes in the 1920s. The Economic Consequences of the Peace (1919) is a book written and published by the British economist John Maynard Keynes. [1] After the First World War, Keynes attended the Paris Peace Conference of 1919 as a delegate of the British Treasury.
How to Pay for the War: A Radical Plan for the Chancellor of the Exchequer is a book by John Maynard Keynes, published in 1940 by Macmillan and Co., Ltd. It is an application of Keynesian thinking and principles to a practical economic problem and a relatively late text. The author Keynes died in 1946.
British economist John Maynard Keynes called the treaty a Carthaginian peace that would economically destroy Germany. The consensus of contemporary historians is that reparations were not as intolerable as the Germans or Keynes had suggested and were within Germany's capacity to pay had there been the political will to do so. [citation needed]
In 1933, John Maynard Keynes wrote an open letter to President Franklin Roosevelt urging the new president to borrow money to be spent on public works programs. [ 6 ] Thus as the prime mover in the first stage of the technique of recovery I lay overwhelming emphasis on the increase of national purchasing power resulting from governmental ...
In his book The Economic Consequences of the Peace, John Maynard Keynes referred to the Treaty of Versailles as a "Carthaginian peace", a misguided attempt to destroy Germany on behalf of French revanchism, rather than to follow the fairer principles for a lasting peace set out in Wilson's Fourteen Points, which Germany had accepted at the ...
Marxism and Keynesianism is a method of understanding and comparing the works of influential economists John Maynard Keynes and Karl Marx.Both men's works has fostered respective schools of economic thought (Marxian economics and Keynesian economics) that have had significant influence in various academic circles as well as in influencing government policy of various states.
Keynes argued the sums being asked of Germany in reparations were many times more than it was possible for Germany to pay, and that these would produce drastic instability. [76] French economist Étienne Mantoux disputed that analysis in The Carthaginian Peace, or the Economic Consequences of Mr. Keynes (1946). More recently economists have ...