Today’s Notable Foreign Birthday
John Maynard Keynes – Influential modern British economist
John Maynard Keynes, 1st Baron Keynes (5 June 1883 – 21 April 1946) was a British economist whose ideas have profoundly affected the theory and practice of modern macroeconomics, and the economic policies of governments. He identified the causes of business cycles, and advocated the use of fiscal and monetary measures to mitigate the adverse effects of economic recessions and depressions. His ideas are the basis for the school of thought known as Keynesian economics, and its various offshoots.
U. S. Contemporaries: World War Cycle – Lost Generation – Nomad (Reactive) (1883-1900)