1833-06-05

JOHN MAYNARD KEYNES, English economist born (d. 1946); A British economist whose ideas, called Keynesian economics, had a major impact on modern economic and political theory as well as on many governments’ fiscal policies. He advocated interventionist government policy, by which the government would use fiscal and monetary measures to mitigate the adverse effects of economic recessions, depressions and booms. He is one of the fathers of modern theoretical macroeconomics. Keynes’ early romantic and sexual relationships were almost all with men. Homosexuality was not unusual in the Bloomsbury group in which Keynes was avidly involved. One of his great loves was the artist Duncan Grant, whom he met in 1908, and he was also involved with the writer Lytton Strachey. Keynes appeared to turn away from homosexual relationships around the time of the first World War. In 1918, he met Lydia Lopokova, a well-known Russian ballerina, and they married in 1925.