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John Neville Keynes
John Neville Keynes ( ; 31 August 1852 – 15 November 1949) was a British economist and father of John Maynard Keynes. Biography Born in Salisbury, Wiltshire, Keynes was the child of John Keynes (1805–1878) and his wife Anna Maynard Neville (1821–1907). He was educated at Amersham Hall School, University College London and Pembroke College, Cambridge, where he became a fellow in 1876. He held a lectureship in Moral Sciences from 1883 to 1911. He was elected as Registrary in 1910, and held that office until 1925. He divided economics into "positive economy" (the study of what is, and the way the economy works), "normative economy" (the study of what should be), and the "art of economics" (applied economics). The art of economics relates the lessons learned in positive economics to the normative goals determined in normative economics. He tried to synthesise deductive and inductive reasoning as a solution to the "Methodenstreit". His main works were: ''Studies and Exerc ...
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Salisbury
Salisbury ( ) is a cathedral city in Wiltshire, England with a population of 41,820, at the confluence of the rivers Avon, Nadder and Bourne. The city is approximately from Southampton and from Bath. Salisbury is in the southeast of Wiltshire, near the edge of Salisbury Plain. Salisbury Cathedral was formerly north of the city at Old Sarum. The cathedral was relocated and a settlement grew up around it, which received a city charter in 1227 as . This continued to be its official name until 2009, when Salisbury City Council was established. Salisbury railway station is an interchange between the West of England Main Line and the Wessex Main Line. Stonehenge is a UNESCO World Heritage Site and is northwest of Salisbury. Name The name ''Salisbury'', which is first recorded around the year 900 as ''Searoburg'' ( dative ''Searobyrig''), is a partial translation of the Roman Celtic name ''Sorbiodūnum''. The Brittonic suffix ''-dūnon'', meaning "fortress" (in reference ...
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University Of Cambridge
, mottoeng = Literal: From here, light and sacred draughts. Non literal: From this place, we gain enlightenment and precious knowledge. , established = , other_name = The Chancellor, Masters and Scholars of the University of Cambridge , type = Public research university , endowment = £7.121 billion (including colleges) , budget = £2.308 billion (excluding colleges) , chancellor = The Lord Sainsbury of Turville , vice_chancellor = Anthony Freeling , students = 24,450 (2020) , undergrad = 12,850 (2020) , postgrad = 11,600 (2020) , city = Cambridge , country = England , campus_type = , sporting_affiliations = The Sporting Blue , colours = Cambridge Blue , website = , logo = University of Cambridge logo ...
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1949 Deaths
Events January * January 1 – A United Nations-sponsored ceasefire brings an end to the Indo-Pakistani War of 1947. The war results in a stalemate and the division of Kashmir, which still continues as of 2022. * January 2 – Luis Muñoz Marín becomes the first democratically elected Governor of Puerto Rico. * January 11 – The first "networked" television broadcasts take place, as KDKA-TV in Pittsburgh, Pennsylvania goes on the air, connecting east coast and mid-west programming in the United States. * January 16 – Şemsettin Günaltay forms the new government of Turkey. It is the 18th government, last single party government of the Republican People's Party. * January 17 – The first VW Type 1 to arrive in the United States, a 1948 model, is brought to New York by Dutch businessman Ben Pon. Unable to interest dealers or importers in the Volkswagen, Pon sells the sample car to pay his travel expenses. Only two 1949 models are sold in America tha ...
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1852 Births
Year 185 ( CLXXXV) was a common year starting on Friday (link will display the full calendar) of the Julian calendar. At the time, it was known as the Year of the Consulship of Lascivius and Atilius (or, less frequently, year 938 '' Ab urbe condita''). The denomination 185 for this year has been used since the early medieval period, when the Anno Domini calendar era became the prevalent method in Europe for naming years. Events By place Roman Empire * Nobles of Britain demand that Emperor Commodus rescind all power given to Tigidius Perennis, who is eventually executed. * Publius Helvius Pertinax is made governor of Britain and quells a mutiny of the British Roman legions who wanted him to become emperor. The disgruntled usurpers go on to attempt to assassinate the governor. * Tigidius Perennis, his family and many others are executed for conspiring against Commodus. * Commodus drains Rome's treasury to put on gladiatorial spectacles and confiscates property to su ...
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A Dictionary Of Economics
A, or a, is the first letter and the first vowel of the Latin alphabet, used in the modern English alphabet, the alphabets of other western European languages and others worldwide. Its name in English is ''a'' (pronounced ), plural ''aes''. It is similar in shape to the Ancient Greek letter alpha, from which it derives. The uppercase version consists of the two slanting sides of a triangle, crossed in the middle by a horizontal bar. The lowercase version can be written in two forms: the double-storey a and single-storey ɑ. The latter is commonly used in handwriting and fonts based on it, especially fonts intended to be read by children, and is also found in italic type. In English grammar, " a", and its variant " an", are indefinite articles. History The earliest certain ancestor of "A" is aleph (also written 'aleph), the first letter of the Phoenician alphabet, which consisted entirely of consonants (for that reason, it is also called an abjad to distinguish it fro ...
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Phyllis Deane
Phyllis Mary Deane FBA (13 October 1918 – 28 July 2012) was a British economic historian and a historian of economic thought. She served as Professor of Economic History at the University of Cambridge from 1981 to 1983. Life and career Deane was born in Hong Kong in October 1918, the daughter of an Admiralty engineer. She attended Chatham County School in Kent, then Hutchesons' Grammar School in Glasgow, before gaining a master's degree (MA) in Economic Science from the University of Glasgow in 1940. She later received an MA from the University of Cambridge. Deane worked as a research officer, first at the National Institute of Economic and Social Research (NIESR) from 1941 to 1945, then at the Colonial Office until 1949. She left in 1950 for Cambridge University, where she was a researcher, then lecturer, in applied economics until 1971. She was then a reader in economic history until 1981, and Professor of Economic History from 1981 to 1983. Among other academic honours, ...
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Keynes Family
The Keynes family ( ) is an English family that has included several notable economists, writers, and actors, including the economist John Maynard Keynes. Family tree of modern Keynes family History The English surname Keynes is derived from a Norman place name, either Cahagnes (Calvados) or Cahaignes (Eure), which are documented as places of origin of people of this nameP.H. Reaney, 1997. ''Dictionary of English Surnames'' (3rd edn). Oxford: OUP or possibly also from similar placenames not so documented. The earliest documented person in England bearing the name was William de Cahaignes from Normandy who was born around 1035. Of another Norman William de Cahaignes (born around 1060 and probably his son), Katharine Keats-Rohan writes:- "Norman, from Cahaignes, Calvados, arr. Vire, cant. Aunay-sur-Odon. Major tenant of Robert, Count of Mortain (half-brother of William the Conqueror) in several Domesday counties. He was Sheriff of Northamptonshire in 1086, and again ...
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Archibald Hill
Archibald Vivian Hill (26 September 1886 – 3 June 1977), known as A. V. Hill, was a British physiologist, one of the founders of the diverse disciplines of biophysics and operations research. He shared the 1922 Nobel Prize in Physiology or Medicine for his elucidation of the production of heat and mechanical work in muscles. Biography Born in Bristol, he was educated at Blundell's School and graduated from Trinity College, Cambridge as third wrangler in the mathematics tripos before turning to physiology. While still an undergraduate at Trinity College, he derived in 1909 what came to be known as the Langmuir equation. This is closely related to Michaelis-Menten kinetics. In this paper, Hill's first publication, he derived both the equilibrium form of the Langmuir equation, and also the exponential approach to equilibrium. The paper, written under the supervision of John Newport Langley, is a landmark in the history of receptor theory, because the context for the derivatio ...
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Margaret Hill (social Reformer)
Margaret Hill, Order of the British Empire, CBE (née Keynes, 1885 – 1970) devoted her career to the welfare of the elderly and was the founder of Hill Homes in Highgate, and Hornsey Housing Trust in Hornsey. Early years Margaret Neville Hill was born in Cambridge in 1885, the middle child of three of John Neville Keynes (1852–1949) and Florence Ada Keynes (1861–1958). Her older brother was the economist John Maynard Keynes and her younger brother the distinguished surgeon and scholar Sir Geoffrey Keynes. She was brought up in Harvey Road, Cambridge and was educated at home by a governess and later at Wycombe Abbey School. Career Cambridge Instead of academia, Margaret chose a career which followed the pattern of her mother's, who after attending Newnham College, Cambridge, Newnham College, Cambridge University, Cambridge, went on to become a social reformer, magistrate and the first woman councillor of Cambridge, becoming Mayor in 1932. She established an early juvenile ...
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Inductive Reasoning
Inductive reasoning is a method of reasoning in which a general principle is derived from a body of observations. It consists of making broad generalizations based on specific observations. Inductive reasoning is distinct from ''deductive'' reasoning. If the premises are correct, the conclusion of a deductive argument is ''certain''; in contrast, the truth of the conclusion of an inductive argument is '' probable'', based upon the evidence given. Types The types of inductive reasoning include generalization, prediction, statistical syllogism, argument from analogy, and causal inference. Inductive generalization A generalization (more accurately, an ''inductive generalization'') proceeds from a premise about a sample to a conclusion about the population. The observation obtained from this sample is projected onto the broader population. : The proportion Q of the sample has attribute A. : Therefore, the proportion Q of the population has attribute A. For example, say there ...
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Deductive Reasoning
Deductive reasoning is the mental process of drawing deductive inferences. An inference is deductively valid if its conclusion follows logically from its premises, i.e. if it is impossible for the premises to be true and the conclusion to be false. For example, the inference from the premises "all men are mortal" and "Socrates is a man" to the conclusion "Socrates is mortal" is deductively valid. An argument is ''sound'' if it is ''valid'' and all its premises are true. Some theorists define deduction in terms of the intentions of the author: they have to intend for the premises to offer deductive support to the conclusion. With the help of this modification, it is possible to distinguish valid from invalid deductive reasoning: it is invalid if the author's belief about the deductive support is false, but even invalid deductive reasoning is a form of deductive reasoning. Psychology is interested in deductive reasoning as a psychological process, i.e. how people ''actually'' draw ...
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Applied Economics
Applied economics is the study as regards the application of economic theory and econometrics in specific settings. As one of the two sets of fields of economics (the other set being the ''core''), it is typically characterized by the application of the ''core'', i.e. economic theory and econometrics to address practical issues in a range of fields including demographic economics, labour economics, business economics, industrial organization, agricultural economics, development economics, education economics, engineering economics, financial economics, health economics, monetary economics, public economics, and economic history. From the perspective of economic development, the purpose of applied economics is to enhance the quality of business practices and national policy making. The process often involves a reduction in the level of abstraction of this core theory. There are a variety of approaches including not only empirical estimation using econometrics, input-output analys ...
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