John Maynard facts
While investigating facts about John Maynard Keynes and John Maynard Keynes Theory, I found out little known, but curios details like:
The great British economist John Maynard Keynes called Woodrow Wilson “the greatest fraud on earth” for condemning Germany to pay excessive and unrealistic reparations
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John Maynard Keynes proposed an international trading currency, Bancor, to prevent currency manipulation
What did john maynard keynes believe in?
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In 1930, famed economist John Maynard Keynes predicted that technological change and improvements in productivity would lead to a 15-hour work week for his grandchildren. In 2015, the grandchildren of his family were asked how many hours a week they actually work.
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John Maynard Keynes, an economist, predicted World War II twenty years before it occurred - citing unemployment and high inflation rates as the cause.
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In the early 1900s, a group of intellectuals that included Virginia Woolf, John Maynard Keynes, E. M. Forster and Lytton Strachey, were informally members of the Bloomsbury Group: a society that practiced modern beliefs of feminism, pacifism, and sexuality.
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When John Maynard Keynes wrote "In the long run we are all dead", he was responding to the view of mainstream economists that the economy is an equilibrium system which will eventually return to a point of balance, so long as the government doesn’t interfere and if we are only willing to wait.
