27 July 2022 | Author/Destination: Editorial / Redaktion | Rubric: Portrait
Reading Time: 8 minutes
Assistant Secretary, U.S. Treasury, Harry Dexter White (left) and John Maynard Keynes © International Monetary Fund
John Maynard Keynes, 1st Baron Keynes,
CB,
FBA, 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.
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