Father of Macroeconomics

John Maynard Keynes:

John was born on 5th June 1883. He was a British economist. His ideas changed the fundamental theory and practice of macroeconomics and the economic policies of the government.

John will be considered as the most influential economist in the 20th century. He went to Cambridge University, Cambridge shire, England. His nationality was British. He was in a liberal political party. His spouse is Lydia Lopokova. 

About his academic career:

John mainly worked in the field of political economy and probability. He studied in Keynesians economics. The most influential persons in his life were Jeremy Bentham, Thomas Malthus, Alfred Marshall, Nicholas Johannes, Knut Wick sell, and many others.

During the First World War:

Keynes's expertise during the first world war was appreciated by the British government. Before hostilities started, Keynes traveled to London by the request of the British government. Keynes took up an official position as a treasurer at a bank in January  1915. Keynes is regarded as a legend for his extensional work in that field.

Keynes applied for exemption as a conscientious objector in 1916, which was accepted for his exceptional work for governmental organizations. During the 1920's, Keynes made a theoretical work to examine and determine the relationship between unemployment, money, and prices.

Keynes named his work as Treatise on the money. It was published in the year 1930 as two volumes. Only in the last of Keynes life, his economic thinking was acceptable to the overall society. Keynes attracted criticism from both sides of political parties for his words. An anti group was formed and abolished him from the political parties.

For an international clearing union, Keynes made a proposal which is called as a Keynes plan. The at most governing rules for this principle is that the crisis can be decreased by adding international money. After lots of hurdles in his life, he died on 21st April 1946 with a heart attack.

Macroeconomics is a branch of economics in which macro means large and combined with economics is called as large economics. Macroeconomics is most famous in dealing with the performance, structure, behavior, and decision-making of an economy as a whole.

GDP, Unemployed rates, national income, price indices, and interrelations under the different sectors of the economy are the concepts that can be studied under the macroeconomics. Macroeconomics also develops concepts that can enhance the relationship between national income, output, consumption, unemployment, inflation, savings, investment, international trade, and international finance. Macroeconomics concepts mainly related to the phenomena of output, unemployment, and inflation.