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He quickly showed a talent for arithmetic, but his health was poor leading to several long absences.
He was tutored at home by a governess, Beatrice Mackintosh, and his mother.
He instead argued that aggregate demand determined the overall level of economic activity and that inadequate aggregate demand could lead to prolonged periods of high unemployment.
Keynes advocated the use of fiscal and monetary policies to mitigate the adverse effects of economic recessions and depressions.
Geoffrey became a surgeon and Margaret married the Nobel Prize-winning physiologist Archibald Hill.
According to the economist and biographer Robert Skidelsky, Keynes's parents were loving and attentive.
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The leading Western economies adopted Keynes's policy recommendations before the outbreak of World War II, and in the two decades following Keynes's death in 1946, almost all capitalist governments had done so.
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Keynesian economics provided the theoretical underpinning for economic policies undertaken in response to the crisis by President Barack Obama of the United States, Prime Minister Gordon Brown of the United Kingdom, and other heads of governments.
When Time magazine included Keynes among its Most Important People of the Century in 1999, it said that "his radical idea that governments should spend money they don't have may have saved capitalism." John Maynard Keynes was born in Cambridge, Cambridgeshire, England, to an upper-middle-class family.