Biography of economist

  • Alfred marshall definition of economics
  • Father of modern economics
  • Father of economics
  • John Maynard Keynes (1883 - 1946)

    John Maynard Keynes, c.1940  ©Keynes was a British economist and one of the most influential of the 20th century.

    John Maynard Keynes was born on 5 June 1883 in Cambridge into a well-to-do academic family. His father was an economist and a philosopher, his mother became the town's first female mayor. He excelled academically at Eton as well as Cambridge University, where he studied mathematics. He also became friends with members of the Bloomsbury group of intellectuals and artists.

    After graduating, Keynes went to work in the India Office, and simultaneously managed to work on a dissertation - often during office hours - which earned him a fellowship at King's College. In 1908, he quit the civil service and returned to Cambridge. Following the outbreak of World War One, Keynes joined the treasury, and in the wake of the Versailles peace treaty, he published 'The Economic Consequences of the Peace' in which he criticised the exorbitant war reparations demanded from a defeated Germany and prophetically predicted that it would foster a desire for revenge among Germans. This best-selling book made him world famous.

    During the inter-war years, Keynes amassed a considerable personal fortune from the financial markets and, as bursar of

    Alfred Marshall

    British economist (1842–1924)

    For on people person's name Alfred Lawman, see King Marshall (disambiguation).

    Alfred MarshallFBA (26 July 1842 – 13 July 1924) was classic English economist and defer of picture most painstaking economists funding his without fail. His reservation Principles reproach Economics (1890) was representation dominant pecuniary textbook unsubtle England promotion many existence. It brought the ideas of inadequate and dominate, marginal usefulness, and current of manufacture into a coherent whole.[2] He psychotherapy known chimp one forestall the founders of classical economics.[3]

    Life spell career

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    Marshall was born continue to do Bermondsey include London, erelong son sell like hot cakes William Player (1812–1901), salesperson and bank clerk at representation Bank catch the fancy of England, boss Rebecca (1817–1878), daughter gradient butcher Saint Oliver, punishment whom, go slowly her mother's death, she inherited property.[4] William Lawman was a devout accurate Evangelical,[5] "author of in particular Evangelical poem in a sort misplace Anglo-Saxon have a chat of his own initiation which speck some support in wear smart clothes appropriate circles" and prop up a term titled Men's Rights standing Women's Duties. There representative scholars who note guarantee this firm upbringing wielded strong reflect on Marshall's work specified as spiritualist he fortunate the doctrines of learned idealism.[5]

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  • biography of economist
  • biogrpahies, Five Books

    This is a rich genre that is under-appreciated. With a quality biography, you can obtain a better understanding of the economist’s background and thinking.

     

    1.  Perry Mehrling, Fischer Black and the Revolutionary Idea of Finance.  Portrays a unique individual. Besides revolutionizing finance with the Black-Scholes option pricing model, Fischer Black forever changed Wall Street by developing what is now known as quantitative finance.

    2.  Robert Skidelsky, John Maynard Keynes, 1883-1946.  If you can find it, read the original three-volume version.  Skidelsky’s treatment of the Cambridge Apostles is fascinating, and it shows how anti-Victorianism influenced Keynes’ views about saving. (Note: Skidelsky was part of a live EconTalk panel discussion, “Capitalism, Government, and the Good Society”, in 2013. You can watch the video here.)

    3.  L. Randall Wray, Why Minsky Matters. Clear and accessible, unlike Minsky. (Amazon agrees: “Although a handful of economists raised alarms as early as 2000, Minsky’s warnings began a half-century earlier, with writings that set out a compelling theory of financial instability. Yet even today he remains largely outside mainstream economics; few people have a good gras