5 pages/≈1375 words
Mathematics & Economics
Keynes' theories and his disagreements with classical economists (Essay Sample)
1. Keynes short biography like where is she from, what kind of family he had, and some other details (short though). 2. where he studied and worked. what was his first articles papers, ideas. (concentrating on how it influenced his economic though development. 3. his agreements with classical economists. 4. his general view of economy (u can combined 3 and 4). 5 linkages and injections model. 6 summary of his thought and work. source..
KEYNES' THEORIES AND HIS DISAGREEMENTS WITH CLASSICAL ECONOMISTS
Born on 5th June, 1883, John Maynard Keynes (also known as the Baron of Tilton) was a British economist whose thoughts on economics have significantly influenced the macroeconomic world1. His place of birth was Cambridge, in England in an upper, middle class family. His father, John Neville Keynes, was a lecturer and economist in the Cambridge University while the mother, Florence Ada Keynes, was a social reformer. Keynes would obtain substantial support from his father. This included professional and practical coaching to help assist him to pass his scholarship exams. Besides, he offered monetary aid both as a schoolboy and when his possessions were almost drained at the start of the Great Depression back in the year 19292. Thus, Keynes background conditions were a special aspect of the great influence his ideas had on the microeconomic world.
John Keynes` Education and Career
Keynes early education including nursery was based at home. In the year 1890, he attended The Perse School nursery. Later on, in the year 1892, he became a day student at St Faith's preparatory school. Keynes` teachers described him as a radiant, but on circumstance, not careful and lacking in fortitude1. His physical condition was repeatedly deprived especially during this period. This automatically led to him being absent at school severally. In 1897, Keynes won a scholarship to one of the pronounced colleges, Eton College2. He showed great knowledge in subjects like mathematics, history and classics. In spite of his middle class status, Keynes intermingled freely with upper class students. In 1902, Keynes received a scholarship in mathematics to go and study in the King`s College in Cambridge. This is due to the profound knowledge he had in mathematics. It should be noted that initially, John Keynes was after studying philosophy despite the advice from Alfred Marshal to study economics. In 1904, Keynes received a Bachelor of Arts in Mathematics from the college. Even after graduation, Keynes showed an interest in the university by further studying philosophy and attending economics lectures. Besides, he also studied Tripos and civil service exams in the year 1906.[Alan, Blinder. Keynesian Economics. Concise Encyclopedia of Economics. (2007)] [â€˜John Maynard Keynes biography`. http///people/john-maynard-keynes-9364200]
Keynes's career as a civil servant began in the year1906, as a clerk in the India Office. In the India Office, he enjoyed his work for the first two years. However, by the year 1908 Keynes became uninterested and resigned his position. He was to return to Cambridge and perfect the probability theory. This was initially privately funded only by two lecturers at the university. These were John Neville Keynes, his father and the Arthur Pigou, an economist. In the year 1909, Keynes p...
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