Fundamentals of Economics. Доловова Н.Н - 47 стр.

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47
47
misleading - вводящий в заблуждение, обманчивый
exactness - точ нос ть; аккуратность,
пунктуальность
universal application – всестороннее применение
divorced from the facts – оторванные от фактов
imprec is e - неопределенный, неточный
aggregate - соединение, совокупность, совокупная
величина
expenditure - издержки, расход(ы) (for)
to entail - влечь за собой; вызывать что-л. ;
навлекать
John Maynard Keynes (1883-1946)
The English economist John Maynard Keynes is regarded as the father of
modern macroeconomics.
In 1935 George Bernard Shaw received a letter from John Maynard Keynes in
which Keynes asserted, "I believe myself to be writing a book on economic theory
which will largely revolutionize . . . the way the world thinks about economic
problems." And, in fact, Keynes' The General Theory of Employment, Interest, and
Money (1936) did revolutionize economic analysis and established Keynes as one of
the most brilliant and influential economists of all time.
The son of an eminent English economist, Keynes was educated at Eton and
Cambridge. While his early interests were in mathematics and probability theory,
Keynes ultimately turned to economics.
Keynes was far more than an economist: He was an incredibly active, many-
sided man who also played such diverse roles as principal representative of the
Treasury at the World War I Paris Peace Conference, deputy for the Chancellor of the
Exchequer, a director of the Bank of England, trustee of the National Gallery,
chairman of the Council for the Encouragement of Music and the Arts, bursar of
King's College, Cambridge, editor of the Economic Journal, chairman of the Notion
and later the New Statesman magazines, and chairman of the National Mutual Life
Assurance Society. He also ran an investment company, organized the Camargo
Ballet (his wife, Lydia Lopokova, was a renowned star of the Russian imperial
Ballet), and built (profitably) the Arts Theatre at Cambridge.
In addition, Keynes found time to amass a $2 million personal fortune by
speculating in stocks, international currencies, and commodities. He was also a

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