John M Keynes (1883 – 1946) British economist

 John M. Keynes Biography

John Maynard Keynes was a British economist whose work shaped the economic policies of the 20th century. His theories challenged conventional wisdom and led to the creation of a new school of thought in economics that became known as Keynesianism. This documentary explores the life and legacy of John M. Keynes.

Early Life:

John Maynard Keynes was born on June 5th, 1883 in Cambridge, England. His father was an economist and a lecturer at Cambridge University, and his mother was the first female mayor in England. Keynes grew up in a family of intellectuals and was exposed to academic discussions from a young age.

Education:

Keynes attended Eton College and later went to King's College, Cambridge, where he studied mathematics and economics. After graduating, he briefly worked for the British Civil Service, but he quickly realized that his passion was economics.

Career:

Keynes' career took off when he became a lecturer at Cambridge University in 1908. He went on to publish several influential books, including "The Economic Consequences of the Peace," which criticized the Treaty of Versailles that ended World War I. His ideas gained traction, and he became an advisor to the British government. During the Great Depression, Keynes became a leading advocate for government intervention in the economy. He argued that the government should increase spending and create jobs to stimulate the economy. This became known as the "Keynesian Revolution" and had a significant impact on economic policy around the world.

Legacy:

Keynes died in 1946, but his ideas continue to influence economic policy today. Many governments still follow Keynesian principles, particularly during times of economic crisis. Keynes' legacy also includes the creation of the International Monetary Fund and the World Bank, institutions that were established to stabilize the world economy after World War II.

Conclusion:

John M. Keynes was a brilliant economist whose ideas changed the course of economic history. He challenged conventional wisdom and advocated for government intervention in the economy, laying the foundation for a new school of thought in economics. Keynes' legacy continues to shape economic policy around the world, and his contributions to the field of economics will never be forgotten.