About The Book
John Maynard Keynes was a keen student of mathematics and got his first class B.A. in Mathematics in 1904. After resigning from civil service in 1908 he returned to Cambridge and worked on probability theory. In 1911 he was made the editor of the Economic Journal.
Keynes’ ideas have profoundly influenced the theory and practice of modern macroeconomics, as well as the economic policies of governments. He delved deeply into the causes of business cycles and advocated the use of fiscal and monetary measures to mitigate the adverse effects of economic recessions. His ideas are the basis for the school of thought known as Keynesian economics and its various offshoots. He is said to have spearheaded a revolution in economic thinking, overturning the older ideas of neoclassical economics.
Keynes made path-breaking contribution to the logic of probability, and was the first scholar in history to explicitly emphasize the importance of internal estimates in decision making.
