129795032061093750_64Cairns was born in 1883, 1902 in the Royal School of mathematics
tera gold, University of Cambridge. In 1906 by United Kingdom civil service examinations to work in posts, dedicated to the study of economic problems. His first economic book India's currency and finance published in 1913, then in 1927 and 1930, on monetary theory and monetary policy has published theThe theory of monetary policy and the monetary theory of these two works. In these two books, he began to heal United Kingdom depression to present their views on the economy. In his view, how much amount of money can cause changes in price fluctuations, causing fluctuations in production levels, his views on the currency must be managed. At the same time, he also believes that to ensure stability in the economy as a whole, you willRequired to maintain the balance between investment and savings
tera gold, he was such a reference, the depression in the capitalist world is certainly a good "prescription", immediately attracted attention. But the most important part of Keynesian theory should also be published in his 1936 book the theory of employment, interest, and, for this book is truly to Keynes's theory provides a more completeTheoretical system. In this book, he is a tradition of vulgar economics perspective, recognizing the contradictions of capitalism, and inevitably there will be crises. He believed that capitalism would not achieve "full employment" because it is a community of "effective demand" decisions. He believed that capitalism would break out of the economic crisis
tera power leveling, mainly because of the capitalists for investments notLoss of confidence in the benefit, due to "the marginal efficiency of capital" of "suddenly crash" caused, he said all the contradictions of capitalism in the end was due to "psychological factors" and laws of psychology, "self-regulating" Oops, and must rely on "State regulation", publication of this theory by Keynes, immediately aroused the United Kingdom Government's attention. In 1940, the United Kingdom Government, he served asUnited Kingdom financial advisers of the Secretary, in 1941 and served as Director of the Bank of England in 1942 and was awarded the "Lord" in the United Kingdom was a scholar of unprecedented rewards. Keynes died on April 21, 1946.
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