Happy 128th Birthday
JOHN MAYNARD KEYNES
1946 - the British economist John Maynard Keynes died on this date (b. 1883). Also known as 1st Baron Keynes, his ideas have had a major impact on modern economic and political theory as well as on many governments' fiscal policies. He advocated interventionist government policy, by which the government would use fiscal and monetary measures to mitigate the adverse effects of economic recessions, depressions and booms. His ideas are the basis for the school of thought known as Keynesian economics. Time magazine named him as one of the greatest minds of the 20th century. Keynes's early romantic and sexual relationships were almost exclusively with men. Attitudes in the Bloomsbury Group, in which Keynes was avidly involved, were relaxed about homosexuality. One of his great loves was the artist Duncan Grant (they're together in the photo above), whom he met in 1908, and he was also involved with the writer Lytton Strachey.