JOHN MAYNARD KEYNES
keynes@stanford.edu
http://www.stanford.edu/~keynes
Department of Economics
Stanford University
579 Serra Mall
Stanford, CA 94305-6072
(650) 723-9289
EDUCATION
Ph.D. in Economics, Stanford University,
Expected Completion: June 2010
DISSERTATION: “The General Theory”
B.A. in Economics, London School of Economics (U.K.), 2000-2003 (Summa cum Laude).
DISSERTATION COMMITTEE
Prof. Kenneth Arrow
Economics Department, Stanford University
(650) 724-4904
arrow@stanford.edu
Prof. Timothy Bresnahan
Economics Department, Stanford University
(650) 111-1111
tbres@stanford.edu
Prof. Paul Milgrom
Economics Department, Stanford University
(650) 333-3333
pmilgrom@stanford.edu
RESEARCH AND TEACHING FIELDS
Primary field: Macroeconomics.
Secondary fields: Labor Economics, Econometrics.
TEACHING EXPERIENCE
2005-06
2006-07
Teaching Assistant for Prof. G. Wright, Stanford University, Econ 1 (Principles of
Economics).
Teaching Assistant for Prof. J. Shoven, Stanford University, Econ 153 (Public Finance)
Teaching Assistant for Prof. J. Pencavel, Stanford University, Econ 137 (Labor Economics).
RELEVANT POSITIONS
2003-04
2005-06
2006-07
Analyst, McKinsey and Company, London.
Research Assistant for Prof. G. Wright, Stanford University.
Research Assistant for Prof. T. MaCurdy, Stanford University.
1
SCHOLARSHIPS, HONORS AND AWARDS
2004-05
2006-07
2008-09
ABC Foundation Scholarship.
Outstanding Teaching Assistant Award.
SIEPR Dissertation Fellowship.
PROFESSIONAL ACTIVITIES
Referee for Journal of Obligatory Economics, Review of Useless Economics.
Seminar presenter, XXIII Conference on Sport Economics, Olympia, Greece, 2008.
PUBLICATIO NS
KEYNES, JOHN M., AND P. MCCARTNEY [2000], “Rising Cost of Yellow Submarines”, J. Music
Economics, 44(2), 337-58.
RESEARCH PAPERS
The General Theory of Employment, Interest and Money (Job Market Paper)
I have called this paper the General Theory of Employment, Interest and Money, placing the emphasis on
the prefix general. The object of such a title is to contrast the character of my arguments and conclusions
with those of the classical theory of the subject, upon which I was brought up and which dominates the
economic thought, both practical and theoretical, of the governing and academic classes of this
generation, as it has for a hundred years past. I shall argue that the postulates of the classical theory are
applicable to a special case only and not to the general case, the situation which it assumes being a
limiting point of the possible positions of equilibrium. Moreover, the characteristics of the special case
assumed by the classical theory happen not to be those of the economic society which we actually live,
with the result that its teaching is misleading and disastrous if we attempt to apply it to the facts of
experience.
Notes on the Trade Cycle
SINCE we claim to have shown in the preceding chapters what determines the volume of employment at
any time, it follows, if we are right, that our theory must be capable of explaining the phenomena of the
Trade Cycle. If we examine the details of any actual instance of the Trade Cycle, we shall find that it is
highly complex and that every element in our analysis will be required for its complete explanation. In
particular we shall. find that fluctuations in the propensity to consume, in the state of liquidity-preference,
and in the marginal efficiency of capital have all played a part. But I suggest that the essential character of
the Trade Cycle, and, especially, the regularity of time-sequence and of duration which justifies us in
calling it a cycle, is mainly due to the way in which the marginal efficiency of capital fluctuates. The
Trade Cycle is best regarded, I think, as being occasioned by a cyclical change in the marginal efficiency
of capital, though complicated. and often aggravated by associated changes in the other significant shortperiod variables of the economic system. To develop this thesis would occupy a book rather than a
chapter, and would require a close examination of facts. But the following short notes will be sufficient to
indicate the line of investigation which our preceding theory suggests.
RESEARCH IN PRO GRESS
2
World Economy and British Solace (with P. Samuelson).
Obladi-Oblada (with R. Starr).
3