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I will finish with a couple of words about Keynes’s followers and summing up his theory.
Bio
John Maynard Keynes was born on June 5, 1883 in Cambridge as a son of an economic professor John Neville Keynes and a writer Florence Ada Brown. Keynes underwent education at the most famous British schools Eton and Cambridge. At Cambridge Keynes studied economics and was led by lecturers with “great names” Alfred Marshall and Arthur Cecil Pigou. He finished his studies in 1908. Ten years after, he met his future wife, a Russian ballerina Lydia Lopokova. Throughout his life Keynes was a successful investor, and even though he lost most of his property with the Great depression, he was able to become again a wealthy man after it...
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