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He built on and greatly refined earlier work on the causes of business cycles, and was one of the most influential economists of the 20th century and the founder of modern macroeconomic theory.
His ideas are the basis for the school of thought known as Keynesian economics, and its various offshoots.
It has done the opposite.'It said it hoped for a realignment in British politics similar to that seen in France where Emmanuel Macron brought together the left and right.
; 5 June 1883 – 21 April 1946), was a British economist whose ideas fundamentally changed the theory and practice of macroeconomics and the economic policies of governments.
He was tutored at home by a governess, Beatrice Mackintosh, and his mother.
In January 1892, at eight and a half, he started as a day pupil at St Faith's preparatory school.
The leading Western economies adopted Keynes's policy recommendations before the outbreak of World War II, and in the two decades following Keynes's death in 1946, almost all capitalist governments had done so.
Keynes's influence waned in the 1970s, partly as a result of the stagflation that plagued the Anglo-American economies during that decade, and partly because of criticism of Keynesian policies by Milton Friedman and other monetarists.
In 1902 Keynes left Eton for King's College, Cambridge, after receiving a scholarship for this also to read mathematics.
The leader column said: 'Jeremy Corbyn has taken Labour to the loony left, proposing the heaviest tax burden since the second world war.'It added: 'Mr Corbyn poses as a radical but is the most conservative—and the most dangerous—candidate of the lot.'The Economist complained Labour's plans for mass re-nationalisation, collective pay bargaining tax plans would damage Britain.
And it warned: 'No economic liberal, Mr Corbyn does not much value personal freedom either.'An avowed human-rights campaigner, he has embraced left-wing tyrants such as Hugo Chávez and Fidel Castro (a ''champion of social justice''), who locked up opponents and muzzled the press.'Mr Corbyn has spent a career claiming to stand for the oppressed while backing oppressors.' The Economist said Mrs May would be a better choice for No 10 but criticised her plan to pull Britain out of the EU single market as part of Brexit.
According to the economist and biographer Robert Skidelsky, Keynes's parents were loving and attentive.
They remained in the same house throughout their lives, where the children were always welcome to return.
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By 1894, Keynes was top of his class and excelling at mathematics.