philosopher wordly

philosopher wordly - 21 February 2007 AP European History...

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21 February 2007 AP European History The Worldly Philosophers The Worldly Philosophers , by Robert L. Heilbroner, contains the essential information of our past and present times philosophers. These people created ideas that were beyond extraordinary, but revolutionary. Adam Smith, Karl Marx, and John Keynes are some of the philosophers that are refer to in the book. This book gives an overview of political, social, and economic principles set up by the people that shaped the economic world. One of the main philosophers was John Maynard Keynes. Keynes was born to a wealthy English family that was financially stable. He was raised more apt than other people. He attended Eton College and then transferred to Cambridge University. He received an education from Alfred Marshall, who would later become one of his most influential teachers that will set him up in the economic world. He later became interested in politics and continued to continue in economics. Keynes had a key role in the treasury during the World War One and had a major role during the Paris Peace Conference of 1919. He believed that “peace treaties are unjust and unworkable, ending in a fiasco.” Keynes created Keynesian economics which is the principle of private and governmentally owned enterprises working together to contribute to the economy to help it grow. Compared to many other philosophers throughout history he had a
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greater impact. The Keynesian economics were a major part of the American economy during the Great Depression. Many privately-owned businesses combined with government-owned enterprises created a catalyst to improve the depression in the economy. Keynes believed that there were many problems with a capitalistic economy: an economy in depression will not improve by itself overtime, wealth and prosperity depends on savings being put to use (during the Great Depression, people
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philosopher wordly - 21 February 2007 AP European History...

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