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John Maynard Keynes: The Economist with Extraordinary Vision
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John Maynard Keynes: The Economist with Extraordinary Vision
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POLITICAL THEORY - John Maynard KeynesJohn Maynard Keynes: The Economist with
Extraordinary Vision
John Maynard Keynes was a political economist who believed that
governments have the power to solve some of the greatest ills of
capitalism. Keynes believed that the primary problems that hold back
countries are corruption, knee-jerk policies, and shortsightedness.
Keynes' Middle Course
Keynes refused to believe in communism or the utter wisdom of the
unfettered free market. Instead, he occupied a middle course, believing
that governments could, with a judicious injection of money and a rise
regulation, smooth out the peaks and troughs to which all economies
seem fatefully prone.
Keynes' Beliefs
For Keynes, economics was not a dull science. It was the tool that could
bring about economic security for all. Keynes believed that if corruption,
knee-jerk policies, and shortsightedness are corrected, humanity can
look forward to an age of incredible and lasting wealth.
Economic Possibilities for Our Grandchildren
In a charming essay titled "Economic Possibilities for Our
Grandchildren," Keynes outlined his belief that most severe economic
problems could be overcome, and humanity could look forward to an
age where the chief challenge would be how to occupy their leisure
time.
Keynes' Background and Interests
Keynes' background was well-to-do, and throughout his life, he
remained firmly a part of the British establishment. Educated at Eton
and Cambridge University, Keynes was unusual for the breadth of his
artistic and literary interests. He was an integral part of the Bloomsbury
group of writers and intellectuals and maintained friendships with some
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