Knut Wicksell
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Johan Gustaf Knut Wicksell was a Swedish economist of the Stockholm school. He was professor at Uppsala University and Lund University.
Wicksell circa 1903–1909
Ec 8
Geldzins und Güterpreise, 1936
John Maynard Keynes
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John Maynard Keynes, 1st Baron Keynes, was an English economist whose writings are considered the basis for the school of thought known as Keynesian economics, as well as its various offshoots. Origin
Knut Wicksell
…back towards the level that the natural rate of interest would result in. The cumulative process was the leading theory of the business cycle until John Maynard Keynes' The General Theory of Employment, Interest and Money. Wicksell's theory would be a strong influence in Keynes's ideas of growth and recession, in…
Keynes in 1929
King's College, Cambridge. Keynes's grandmother wrote to him saying that, since he was born in Cambridge, people will expect him to be clever.
Prime Minister David Lloyd George. Keynes was initially wary of the "Welsh Wizard," preferring his rival Asquith, but was impressed with Lloyd George at Versailles; this did not deter Keynes from painting a scathing picture of the then-prime minister in The Economic Consequences of the Peace.
The Great Depression and its periods of worldwide economic hardship formed the backdrop against which the Keynesian Revolution took place. This image is Migrant Mother, taken by photographer Dorothea Lange in March 1936.