Question

Research John Keynes the following should be included:

1. Biography

2. Contributions to the profession of economics

3. Life Accomplishments

Answer 1

John Maynard Keynes

Biography:
Keynes belonged to a good and prosperous family with comfortable living. He was born on 1883 and was the son of a well known economist at that time. His father also worked as an economic administrator at Cambridge. Keynes mother also graduated from Cambridge university.
Keynes was not into his father's profession right from the beginning rather mathematics was his subject of interest and fall under his domain.   
When Keynes joined Cambridge for higher studies , he had an encounter with Alfred Marshall who later on became Keynes inspiration. He played an integral role in shifting the focus and interest of Keynes from mathematics to economics and politics.
Keynes also made some important associations in Cambridge like popular writers and artists.

After earning the degree of B.A then M.A from Cambridge , keynes joined the civil services for living. He worked on some major projects there which increased his interest in economics even more. It was there , his carrer as an economist started.
His first major work was (the indian currency)/

After few years of job, he returned to Cambridge where he started teaching economics. This was his turning point of starting researches and recommending theories. Then keynes returned back to his civil service work and now worked at a higher position in treasury, an agency more powerful.
He studies the scant of supply of foreign currencies there.

Hid brilliant performance had let him stay continue as a government servant but it was the Peace Conference in Versailles taht changed his decision and goal.
Thus to get rid of the dirty politics and overburdened policies he finally left the civil job

Key Contributions in the field of Economics:
Keynes had a very reputed position at Cambridge both when he studies as a outstanding student or while he wirjed as an intellectual teacher. He received a lot of respect there. He was also awarded with certain trophies in honour of his brilliant and diligent work.

During this period in Cambridge, keynes had already contributed a lot of factual and logical concepts in economic field that later on became hypothesis and then principles on which the law of economics even works today.

He started with explaining about how the market functioned by evaluating the extremities of its functioning and emerged the concept of competitive marketing. He analysed how people used to spend their income.
Keynes never challenged the traditional or conventional knowledge nor ever claimed his theory to be true but always remained skeptical although sure about his work
However it was not late when the two most powerful theories or opinions of keynes foreshadowed the theoretical concept in almost 1930.
Before the end of Great depression , keynes expressed his concerns for the prevailing unemployment of british coal miners, and labourers.

The sime of the major theories he propagated were the following:
The theory of Investment
The Multiplier Effect
Capital and interest

Then The General Theory Of Employment (book) came into being after keynes was botheted by the growing unemployment. He started his work and came up with the main deyerminants and influencing factors of employment or unemployment.

The book became very popular and was sold world wide, it is even today considered the best book.

He also has a great contribution towards the understanding of interest rates and money supply

Life Achievements
Keynes is known today as the father of Keynesian economics and his laws, theories, hypothesis and even generalized opinions are into implementation even today, students are taught keynasian economics and his contribution to economics forms the basis of various energing principles today.

The Keynesian model has been playing an integral role in economic textbooks and it is found relevant in some manner today also.
He is today known by the renowned and worldwide popular economist of 20th century.
Cambridge still hosts an event in his rememberance and shows gratitude for the contributions made by him to the economics as well as for the services rendered.

He was several times awarded by life achievement awards as well as with many trophies for outstanding work as a student as well as a teacher.

He was just not only an economist but has worked at various high positions and posts.
He has worked as a a director of the Bank of England, a renowned director of the British Eugenics Society, an artist , political advocate. He played a major role at Bloomsbery Group of intellectuals.

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