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.

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

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.

" Professor Myrdal was an early supporter of the theses of John Maynard Keynes, although he maintained that the basic idea of adjusting national budgets to slow or speed an economy was first developed by him and articulated in his book Monetary Economics, published in 1932, four years prior to Keynes ' General Theory of Employment, Interest and Money.

Most of the Oxford – Cambridge " Varsity Line " closed despite its strategic location serving Milton Keynes — Britain's largest " new town ".

Walton Community Council is the first tier of local government serving those living, attending and working in this area of Milton Keynes.

The area features two schools-Walton High School ( Milton Keynes ) for secondary education as well as the integrated Heronsgate and Heronshaw Schools for primary education, serving both Key Stage 1 and Key Stage 2 respectively.

This station is one of the five stations serving Milton Keynes.

This station is one of five serving Milton Keynes.

This is one of the five railway stations serving Milton Keynes.

This station is one of the five stations serving Milton Keynes.

It is one of the five stations serving Milton Keynes.

Milton Keynes College is a general further education and training college, serving the Borough of Milton Keynes.

Influenced by Keynes, economics texts in the immediate post-war period put a significant emphasis on balance in trade.

When instead we discuss human purpose and the meaning of life, Adam Smith and John Maynard Keynes are on the same side.

Also in 1931, Hayek critiqued Keynes's Treatise on Money ( 1930 ) in his " Reflections on the pure theory of Mr. J. M. Keynes " and published his lectures at the LSE in book form as Prices and Production.

Hayek's work on the macroeconomic subjects of central planning, trade cycle theory, the division of knowledge, and entrepreneurial adaptation especially, differ greatly from the opinions of macroeconomic " Marshallian " economists in the tradition of John Maynard Keynes and the microeconomic " Walrasian " economists in the tradition of Abba Lerner.

Keynes asked his friend Piero Sraffa to respond publicly to Hayek's challenge ; instead of formulating an alternative theory, Sraffa elaborated on the logical inconsistencies of Hayek's argument, especially concerning the effect of inflation-induced " forced savings " on the capital sector and about the definition of a " natural " interest rate in a growing economy.

Keynesian economics ( ; also called Keynesianism and Keynesian theory ) are the group of macroeconomic schools of thought based on the ideas of 20th-century economist John Maynard Keynes.

Logical probabilities are conceived ( for example in Keynes ' Treatise on Probability ) to be objective, logical relations between propositions ( or sentences ), and hence not to depend in any way upon belief.

Georgists, half a century before Keynes, also noted the cyclical nature but focused on the role of speculation in land which pushes up economic rent.

Keynes had indeed expressed a preference for inflation over deflation, saying that if one has to choose between the two evils it is " better to disappoint the rentier " than to inflict pain on working-class families.

For the first years of the courtship, Keynes maintained an affair with a younger man, Sebastian Sprott, in tandem with Lopokova, but eventually chose Lopokova exclusively, on marrying her.

Virginia Woolf's biographer tells an anecdote on how Virginia Woolf, Keynes and T. S. Eliot would discuss religion at a dinner party, in the context of their struggle against Victorian era morality.

It is in part on the basis of these papers that Keynes wrote of Newton as " the last of the magicians.

Keynes had helped campaign for the Liberals at elections from as early as 1906, yet he always refused to run for office himself, despite being asked to do so on three separate occasions in 1920.

Keynes declined the invitation as he felt he would wield greater influence on events if he remained a free agent.

In 1931 Keynes went on to write the following on Marxism:

" A few weeks after returning from the United States, Keynes died of a heart attack at Tilton, his farmhouse home near Firle, East Sussex, England, on 21 April 1946 at the age of 62.