Definitions for Keynes
keɪnzkeynes

Princeton's WordNetRate this definition:0.0 / 0 votes

1. Keynes, John Maynard Keynesnoun

   English economist who advocated the use of government monetary and fiscal policy to maintain full employment without inflation (1883-1946)

WiktionaryRate this definition:0.0 / 0 votes

1. Keynesnoun

   John Maynard Keynes, English economist

2. Etymology: Alteration of Kahaignae, Chaiines

WikipediaRate this definition:0.0 / 0 votes

1. Keynes

   John Maynard Keynes, 1st Baron Keynes ( 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. 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. 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. 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.

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1. keynes

   John Maynard Keynes was a British economist, born in 1883 and died in 1946, whose ideas, known as Keynesian economics, had a major impact on modern economic and political theory. He developed the concept of government economic intervention to moderate "boom and bust" cycles in capitalist economies, through methods like fiscal policy. He argued that insufficient demand could lead to prolonged periods of high unemployment. His ideas influenced Franklin D. Roosevelt's New Deal and the economic policies of numerous other governments.

How to pronounce Keynes?

1. Alex

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   Daniel

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   Mia

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   Australian

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How to say Keynes in sign language?

Numerology

1. Chaldean Numerology

   The numerical value of Keynes in Chaldean Numerology is: 3

2. Pythagorean Numerology

   The numerical value of Keynes in Pythagorean Numerology is: 7

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References

1. ^ Princeton's WordNet
   http://wordnetweb.princeton.edu/perl/webwn?s=Keynes
2. ^ Wiktionary
   https://en.wiktionary.org/wiki/Keynes
3. ^ Wikipedia
   https://en.wikipedia.org/wiki/Keynes
4. ^ ChatGPT
   https://chat.openai.com