John Maynard Keynes

John Maynard Keynes, 1st Baron Keynes (English: John Maynard Keynes, 1st Baron Keynes, June 5, 1883 - April 21, 1946), commonly known as Keynes (or translated as Keynes), was a British economist. Keynes went against the economic thought of respecting market mechanisms and opposing human intervention since Adam Smith in the 18th century. He advocated that the government should actively play the role of economic helmsman and fight economic recession and even economic depression through fiscal and monetary policies. Keynes's ideas are not only theories in books, but also became effective countermeasures during the global economic depression in the 1920s and 1930s, and formed the policy thinking that led to the prosperity of many capitalist societies in the 1950s and 1960s. Therefore, Keynes has been praised as "the 'savior' (or savior) of capitalism" and "the father of postwar prosperity". Keynes's thought, which once dominated capitalism, also became one of the economic theories and schools, known as the "Keynesian School", and spawned several branches, and its influence continues to this day. In his career, Keynes held public office, served as a director of the Bank of England, and was an advisor to several charitable trusts. He also made investments himself and was a successful investor. Therefore, Keynes can be said to be a model economist with both theory and application. In life, Keynes was an elegant person. He sponsored art and collected art, and he was fond of fine wine, especially champagne. Keynes was very good at words and eloquent; his writing style was also excellent, as can be seen from the fact that Paul Kluman, a famous economist of later generations, was praised by Fortune magazine as "the best-written economist since Keynes." In 1999, Time magazine recalled Keynes as "tall, charming, and full of confidence."