Political Economy Club (1909)

Last updated

The Political Economy Club was founded in 1909 by John Maynard Keynes. [1] It was an invitation-only club, initially held weekly in Keynes' rooms at King's College, Cambridge. Typically a paper would be read then members would comment on its contents. [2]

Keynes made his last appearance at the club in February 1946, reading a paper about the future of pound sterling and whether the United States dollar would become scarce. [1]

Participants

Related Research Articles

Keynesian economics Group of macroeconomic theories

Keynesian economics are the various macroeconomic theories and models of how aggregate demand strongly influences economic output and inflation. In the Keynesian view, aggregate demand does not necessarily equal the productive capacity of the economy. Instead, it is influenced by a host of factors – sometimes behaving erratically – affecting production, employment, and inflation.

John Maynard Keynes English economist (1883–1946)

John Maynard Keynes, 1st Baron Keynes, was an English economist whose ideas fundamentally changed the theory and practice of macroeconomics and the economic policies of governments. Originally trained in mathematics, he built on and greatly refined earlier work on the causes of business cycles. One of the most influential economists of the 20th century, his ideas are the basis for the school of thought known as Keynesian economics, and its various offshoots.

Bretton Woods Conference International conference in Bretton Woods, New Hampshire, USA in July 1944

The Bretton Woods Conference, formally known as the United Nations Monetary and Financial Conference, was the gathering of 730 delegates from all 44 Allied nations at the Mount Washington Hotel, situated in Bretton Woods, New Hampshire, United States, to regulate the international monetary and financial order after the conclusion of World War II.

John Hicks British economist

Sir John Richards Hicks was a British economist. He is considered one of the most important and influential economists of the twentieth century. The most familiar of his many contributions in the field of economics were his statement of consumer demand theory in microeconomics, and the IS–LM model (1937), which summarised a Keynesian view of macroeconomics. His book Value and Capital (1939) significantly extended general-equilibrium and value theory. The compensated demand function is named the Hicksian demand function in memory of him.

Lydia Lopokova Russian ballet dancer (1892-1981)

Lydia Lopokova, Baroness Keynes was a Russian ballerina famous during the early 20th century.

Harry Dexter White American economist and spy (1892–1948)

Harry Dexter White was a senior U.S. Treasury department official. Working closely with the Secretary of the Treasury Henry Morgenthau Jr., he helped set American financial policy toward the Allies of World War II. He was later accused of espionage by passing information to the Soviet Union.

<i>The Economic Consequences of the Peace</i> 1919 book by John Maynard Keynes

The Economic Consequences of the Peace (1919) is a book written and published by the British economist John Maynard Keynes. After the First World War, Keynes attended the Paris Peace Conference of 1919 as a delegate of the British Treasury. In his book, he argued for a much more generous peace, not out of a desire for justice or fairness – these are aspects of the peace that Keynes does not deal with – but for the sake of the economic well-being of all of Europe, including the Allied Powers, which the Treaty of Versailles and its associated treaties would prevent.

Bursar

A bursar is a professional administrator in a school or university often with a predominantly financial role. In the United States, bursars usually hold office only at the level of higher education or at private secondary schools. In Australia, the United Kingdom and other countries, bursars are common at other levels of education.

Roy Harrod English economist

Sir Henry Roy Forbes Harrod was an English economist. He is best known for writing The Life of John Maynard Keynes (1951) and for the development of the Harrod–Domar model, which he and Evsey Domar developed independently. He is also known for his International Economics, a former standard textbook, the first edition of which contained some observations and ruminations that would foreshadow theories developed independently by later scholars.

John Neville Keynes was a British economist and father of John Maynard Keynes.

Robert Skidelsky British historian and economist

Robert Jacob Alexander, Baron Skidelsky, is a British economic historian. He is the author of a three-volume award-winning biography of British economist John Maynard Keynes (1883–1946). Skidelsky read history at Jesus College, Oxford, and is Emeritus Professor of Political Economy at the University of Warwick, England. Since 2016, he has been a member of the board of Russian oil company Russneft.

The Economic Journal is a peer-reviewed academic journal of economics published on behalf of the Royal Economic Society by Oxford University Press. The journal was established in 1891 and publishes papers from all areas of economics.The editor-in-chief is Francesco Lippi.

Keynes may refer to the following:

Anglo-American loan Loan made to the United Kingdom by the United States following World War II

The Anglo-American Loan Agreement was a loan made to the United Kingdom by the United States on 15 July 1946, enabling its economy in the Second World War to keep afloat. The loan was negotiated by British economist John Maynard Keynes and American diplomat William L. Clayton. Problems arose on the American side, with many in Congress reluctant, and with sharp differences between the treasury and state departments. The loan was for $3.75 billion at a low 2% interest rate; Canada loaned an additional US$1.19 billion. The British economy in 1947 was hurt by a provision that called for convertibility into dollars of the wartime sterling balances the British had borrowed from India and others, but by 1948, the Marshall Plan included financial support that was not expected to be repaid. The entire loan was paid off in 2006, after it was extended six years.

Paul Davidson (economist) American macroeconomist

Paul Davidson is an American macroeconomist who has been one of the leading spokesmen of the American branch of the post-Keynesian school in economics. He is a prolific writer and has actively intervened in important debates on economic policy from a position that is very critical of mainstream economics.

The Nation and Athenaeum, or simply The Nation, was a United Kingdom political weekly newspaper with a Liberal/Labour viewpoint. It was formed in 1921 from the merger of the Athenaeum, a literary magazine published in London since 1828, and the smaller and newer Nation, edited by Henry William Massingham.

Cambridge University Moral Sciences Club Philosophical discussion group

The Cambridge University Moral Sciences Club, founded in October 1878, is a philosophy discussion group that meets weekly at Cambridge during term time. Speakers are invited to present a paper with a strict upper time limit of 45 minutes, after which there is discussion for an hour. Several Colleges have hosted the Club: Trinity College, King's College, Clare College, Darwin College, St John's College, and from 2014 Newnham College.

A Treatise on Probability is a book published by John Maynard Keynes while at Cambridge University in 1921. The Treatise attacked the classical theory of probability and proposed a "logical-relationist" theory instead. In a 1922 review, Bertrand Russell, the co-author of Principia Mathematica, called it "undoubtedly the most important work on probability that has appeared for a very long time," and said that the "book as a whole is one which it is impossible to praise too highly."

Buckmaster & Moore (B&M) was a London stockbroker established in 1895 and acquired by Credit Suisse Group in 1987.

<i>How to Pay for the War</i>

How to Pay for the War: A Radical Plan for the Chancellor of the Exchequer is a book by John Maynard Keynes, published in 1940 by Macmillan and Co., Ltd. It is an application of Keynesian thinking and principles to a practical economic problem and a relatively late text. Keynes died in 1946.

References

  1. 1 2 3 4 5 [ dead link ]
  2. 1 2 "A Marxist in Keynes' Court".