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John Maynard Keynes
Prof.
Alternative spellings: Baron Keynes of Tilton in the County of Sussex J. M. Keynes John M. Keynes Dž. M. Kejns John Maynard Keynes Keynes Kai en si Maynard Keynes John Maynard Keynes Keynes, Baron Kaiensi 凱恩斯
B:5. Juni 1883Cambridge D: 21. April 1946 Death Place:
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John Maynard Keynes, 1st Baron Keynes, CB, FBA (/keɪnz/ KAYNZ; 5 June 1883 – 21 April 1946), was an English economist whose ideas fundamentally changed the theory and practice of macroeconomics and the economic policies of governments. Originally trained in mathematics, he built on and greatly refined earlier work on the causes of business cycles. One of the most influential economists of the 20th century, he produced writings that are the basis for the school of thought known as Keynesian economics, and its various offshoots. His ideas, reformulated as New Keynesianism, are fundamental to mainstream macroeconomics. Keynes's intellect was evident early in life; in 1902, he gained admittance to the competitive mathematics program at King's College at the University of Cambridge, where he went on to win Cambridge's prestigious Tomline Prize, awarded to the university's top mathematics student. During the Great Depression of 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 argued that aggregate demand (total spending in the economy) determined the overall level of economic activity, and that inadequate aggregate demand could lead to prolonged periods of high unemployment, and since wages and labour costs are rigid downwards the economy will not automatically rebound to full employment. Keynes advocated the use of fiscal and monetary policies to mitigate the adverse effects of economic recessions and depressions. He detailed these ideas in his magnum opus, The General Theory of Employment, Interest and Money, published in late 1936. By the late 1930s, leading Western economies had begun adopting Keynes's policy recommendations. Almost all capitalist governments had done so by the end of the two decades following Keynes's death in 1946. As a leader of the British delegation, Keynes participated in the design of the international economic institutions established after the end of World War II but was overruled by the American delegation on several aspects. Keynes's influence started to wane in the 1970s, partly as a result of the stagflation that plagued the Anglo-American economies during that decade, and partly because of criticism of Keynesian policies by Milton Friedman and other monetarists, who disputed the ability of government to favourably regulate the business cycle with fiscal policy. However, the advent of the global financial crisis of 2007–2008 sparked a resurgence in Keynesian thought. Keynesian economics provided the theoretical underpinning for economic policies undertaken in response to the financial crisis of 2007–2008 by President Barack Obama of the United States, Prime Minister Gordon Brown of the United Kingdom, and other heads of governments. When Time magazine included Keynes among its Most Important People of the Century in 1999, it reported that "his radical idea that governments should spend money they don't have may have saved capitalism." The Economist has described Keynes as "Britain's most famous 20th-century economist." In addition to being an economist, Keynes was also a civil servant, a director of the Bank of England, and a part of the Bloomsbury Group of intellectuals. (Source: DBPedia)
Q9317
Publishing years
1
2022
1
2020
2
2018
5
2017
1
2016
2
2015
32
2013
1
2011
4
2010
2
2009
2
2008
2
2007
2
2006
1
2004
1
2003
1
2001
1
2000
2
1998
1
1997
3
1996
1
1995
172
1993
1
1992
1
1991
7
1989
2
1988
3
1987
3
1986
6
1985
6
1983
2
1982
3
1981
4
1980
5
1979
3
1978
1
1977
2
1974
4
1973
2
1972
9
1971
2
1963
1
1961
1
1960
1
1959
5
1956
6
1955
3
1952
1
1951
2
1949
1
1947
2
1940
1
1939
1
1938
6
1936
3
1933
2
1932
8
1931
8
1930
3
1929
4
1928
3
1927
10
1926
8
1925
6
1924
3
1923
4
1922
4
1921
7
1920
1
1913
Series
The Keynes papers [Mikroform] (171)
Cambridge economic handbooks (9)
Europäische Hochschulschriften / 5 (4)
Themen unserer Zeit (2)
Ökonomische Essays (2)
Klassiker der Nationalökonomie (2)
Die Europäische Bücherei (2)
The Hogart Essays (1)
Lectures on the Harris Foundation (1)
The Norman Wait Harris lectures : Institute (1)
Meridian books (1)
Day to day pamphlets (1)
Cambridge Economic Handbooks, 4 (1)
Wirtschaftswissenschaftliche Leitfäden (1)
Hand- und Lehrbücher aus dem Gebiet der Sozialwissenschaften (1)
Internationale sozialwissenschaftliche Bibliothek : eine Sammlung sozialwissenschaftlicher Werke von internationaler Bedeutung (1)