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John Maynard Keynes

mathematics
Frank P. Ramsey and the Ramsey Theory

Frank P. Ramsey and the Ramsey Theory

Harald Sack
On February 22, 1903, precocious British philosopher, mathematician and economist Frank Plumpton Ramsey was born. Although he died already at age 26, he had made significant contributions to logic, philosophy of mathematics, philosophy of language and decision theory. He remains noted for his Ramsey Theory, a mathematical study of combinatorial objects in which a certain degree of order must occur as the scale of the object becomes large. “The first problem I…
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economics
John Maynard Keynes and his General Theory of Employment

John Maynard Keynes and his General Theory of Employment

Tabea Tietz
On June 5, 1883, British economist John Maynard Keynes, 1st Baron of Keynes, was born. His work and his ideas have fundamentally affected the theory and practice of modern macroeconomics, and informed the economic policies of governments. He is one of the founders of modern macroeconomics and is widely considered the most influential economist of the 20th century. “But this long run is a misleading guide to current affairs. In the long…
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economics
Black Thursday – The Wall Street Crash of 1929

Black Thursday – The Wall Street Crash of 1929

Harald Sack
The Wall Street Crash of 1929, also known as the Great Crash and the Stock Market Crash of 1929, began in late October 1929 and was the most devastating stock market crash in the history of the United States. The crash signaled the beginning of the 10-year Great Depression that affected all Western industrialized countries, in Germany also referred to as the “Weltwirtschaftskrise“. Black Thursday The optimism and financial gains of the…
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