Keynes argued that the solution to the Great Depression was to stimulate the economy (" inducement to invest ") through some combination of two approaches:

Keynes himself specifically discussed underconsumption ( which he wrote " under-consumption ") in the The General Theory of Employment, Interest and Money, in Chapter 22, Section IV,

Keynes distinguished between business activity / investment (" Enterprise ") and savings (" Thrift ") in his Treatise on Money ( 1930 ):

In the last few years of his life, John Maynard Keynes was much preoccupied with the question of balance in international trade.

He was the principal author of a proposal — the so-called Keynes Plan —— for an International Clearing Union.

However, this bizarre relocation plan never materialised and when the club finally did relocate in 2003, it was to the Buckinghamshire town of Milton Keynes.

At its peak of popularity eugenics was supported by a wide variety of prominent people, including Winston Churchill, Margaret Sanger, Marie Stopes, H. G. Wells, Theodore Roosevelt, George Bernard Shaw, John Maynard Keynes, John Harvey Kellogg, Linus Pauling and Sidney Webb.

In 1932, Hayek suggested that private investment in the public markets was a better road to wealth and economic coordination in Britain than government spending programs, as argued in a letter he co-signed with Lionel Robbins and others in an exchange of letters with John Maynard Keynes in The Times.

In 1944 he was elected as a Fellow of the British Academy, after he was nominated for membership by Keynes.

During the Second World War, GCCS was based largely at Bletchley Park in present-day Milton Keynes working on, most famously, the German Enigma machine and Lorenz ciphers, but also a large number of other systems.

Prior to the publication of Keynes ' General Theory, mainstream economic thought was that the economy existed in a state of general equilibrium, meaning that the economy naturally consumes whatever it produces because the needs of consumers are always greater than the capacity of the economy to satisfy those needs.

Keynes ' theory was significant because it overturned the mainstream thought of the time and brought about a greater awareness that problems such as unemployment is not a product of laziness, but the result of a structural inadequacy in the economic system.

Prior to Keynes, a situation in which aggregate demand for goods and services did not meet supply was referred to by classical economists as a general glut, although there was disagreement among them as to whether a general glut was possible.

Keynes argued that when a glut occurred, it was the over-reaction of producers and the laying off of workers that led to a fall in demand and perpetuating the problem.

However John Maynard Keynes argued that encouraging production was just as important as consumption, and he favoured the " new mercantilism ".

Keynes also noted that in the early modern period the focus on the bullion supplies was reasonable.

Babylonian thought was axiomatic and is comparable to the " ordinary logic " described by John Maynard Keynes.

In the 1920s, Keynes was seen as anti-establishment and was mainly attacked from the right.

In the " red 1930s ", many young economists favoured Marxist views, even in Cambridge, and while Keynes was engaging principally with the right to try to persuade them of the merits of more progressive policy, the most vociferous criticism against him came from the left, who saw him as a supporter of capitalism.

Joseph Schumpeter was an economist of the same age as Keynes and one of his main rivals.

After Keynes's death Schumpeter wrote a brief biographical piece called Keynes the Economist – on a personal level he was very positive about Keynes as a man ; praising his pleasant nature, courtesy and kindness.

Keynes was on occasion heard making statements which could be perceived as racist: for example, he would use the word " niggers " to refer to black people in casual conversations.

Ian Edward Wright, MBE ( born 3 November 1963, Woolwich, London ) is a former English professional footballer turned television and radio personality and currently part-time first-team coach of Milton Keynes Dons.

He was born at Milton Keynes in Buckinghamshire, where his father was rector.

Lydia Lopokova, Baroness Keynes ( born Lidia Vasilyevna Lopukhova ) (; 21 October 1892 – 8 June 1981 ) was a famous Russian ballerina during the early 20th century.

They had four sons, Adrian ( 1946 – 1974 ), Randal Keynes ( b. 1948 ), Roger Keynes ( b. 1951 ), and Simon Keynes ( born 1952 ).

Alan Smith ( born 28 October 1980 ) is an English footballer who plays for Milton Keynes Dons, having signed for them in July 2012 following his release by Newcastle United a few weeks earlier.

Lewis Tester was born in Chelwood Gate, near Horsted Keynes, Sussex.

Professor Nicholas Keynes Humphrey ( born 1943 ) is an English psychologist, based in Cambridge, who is known for his work on the evolution of human intelligence and consciousness.

Darren Michael Potter ( born December 21, 1984 ) is an English-born Irish footballer who is currently signed to Milton Keynes Dons.

The original line-up consisted of James Hearn ( born 19 June 1976 ) ( vocals ), Michael Harwood ( born 12 December 1975 ) ( guitar ), Jon O ' Mahony ( born 10 August 1973 ) ( drums ) and Nick Keynes ( born 3 May 1972 ) ( bass ).

Barry Charles Legg ( born 30 May 1949 ) was the Conservative Member of Parliament for Milton Keynes South West from 1992 until the 1997 general election when he was defeated by Labour's Phyllis Starkey.

Robert Jacob Alexander, Baron Skidelsky, FBA ( born 25 April 1939 in Harbin, China ), is a British economic historian of Russian origin and the author of a major, award-winning, three-volume biography of British economist John Maynard Keynes ( 1883 – 1946 ).

Ryan Thomas Lowe ( born 18 September 1978 in Liverpool, England ) is an English footballer who plays as a striker for Football League One side Milton Keynes Dons.

Nicholas Humphrey and John Skoyles from the London School of Economics and Roger Keynes from Cambridge University have suggested that their gait is due to two rare phenomena coming together.

John Maynard Keynes, who had not predicted the slump, said, "' There will be no serious direct consequences in London.

Lionel Robbins, former head of the economics department at the London School of Economics, who had many heated debates with Keynes in the 1930s, had this to say after observing Keynes in early negotiations with the Americans while drawing up plans for Bretton Woods:

46 Gordon Square in London, where Keynes lived from 1916 to 1946.

Keynes was interested in literature in general and drama in particular and supported the Cambridge Arts Theatre financially, which allowed the institution, at least for a while, to become a major British stage outside of London.

Examples of the early Budding type mowers can be seen in Stroud Museum, the London Science Museum and at Milton Keynes Museum.

One of the largest Breaks nights north of London is Milton Keynes lead Beatcheck, set up in 2006.

* Gordon Square, surrounded by the history and archaeology departments of University College London, as well as the former home of John Maynard Keynes, the famous economist.

The club had left its Plough Lane stadium in 1991 to ground-share with Crystal Palace at Selhurst Park, with numerous plans to build a new stadium in a number of different locations ( including back in London and even in Dublin or Cardiff ) being considered over the following decade before the club's owners chose Milton Keynes as their destination.

The most famous was probably Milton Keynes, roughly midway between London and the West Midlands, on account of its Modernist architectural ambitions, reflecting the thinking of Mies van der Rohe and other British architectural idealists.

Sheffield Park has been restored to a Victorian ambience, as it would have appeared during the time of the London, Brighton and South Coast Railway ( up to 1922 ); Horsted Keynes emulates the Southern Railway ( 1922 – 1948 ); and Kingscote echoes the British Railways of the 1950s.

In order to relieve pressure on Euston during and after the rebuilding for High Speed 2, HS2 Ltd has proposed the withdrawal of London Overground services between Euston and, and the diversion on to Crossrail of eight London Midland trains per hour from Milton Keynes.

* Mr. Keynes and the Labour Movement, London: Macmillan, 1936

Finally, five " third-generation " towns were launched in the late 1960s: these were larger, some of them based on substantial existing settlements such as Peterborough, and the most famous was probably Milton Keynes, midway between London and Birmingham, known for its huge central park and shopping centre, designed from the outset as a new city – though in law it is a ' New Town '.

He was also a joint owner of Wimbledon Football Club and involved in the controversial relocation of the team from London to Milton Keynes.

The following year, with the side homeless since leaving their Plough Lane ground in 1991 and playing at Crystal Palace's Selhurst Park stadium in Croydon, southeast London, Røkke and Gjelsten, along with chairman Charles Koppel and businessman Pete Winkelman agreed to relocate the team to Milton Keynes, a town around 60 miles from their traditional base.

He remained outside Parliament, unsuccessfully contesting Milton Keynes for the SDP in the 1987 general election, until he received a life peerage as Baron Rodgers of Quarry Bank, of Kentish Town in the London Borough of Camden in 1992.

John Maynard Keynes, who had not predicted the slump, said, "' There will be no serious direct consequences in London.

Virgin Trains operate an hourly Pendolino service to London Euston via Runcorn and Stafford ( some peak services also call at Crewe, Lichfield Trent Valley, Tamworth, Nuneaton, Rugby, Milton Keynes Central and Watford Junction ).

* ( 2003 ), Keynes, Pigou and Cambridge Keynesians, London: Palgrave Macmillan

*, ( 2006 ) The economics of Keynes in historical context, London: Palgrave Macmillan

The trackbed remains in place and, when reopened in 2017, it will give commuters access to London, Milton Keynes, Aylesbury and Oxford.