JOHN MAYNARD KEYNES

Date: 2015-10-07; view: 421.

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UNIT 6

Прочитайте за преподавателем следующие слова и словосочетания. Найдите и подчеркните их в тексте. Прочитайте самостоятельно.

Might, bowels, struggled, successful, enough, Champagne(шэмпейн) , fortune (фотшн), currencies (каренсис), climb(клаймб), consequences(кансиквенсис), financial(файненшл), viewed, hour(ауер), beginner, to rewrite.

Переведите без словаря следующие слова и словосочетания:

Depression- депрессия, dynamo - генератор, энергичный человек; sort - сорт,
вид, сортировать, классифицировать; intellectual – интеллектуальный, интеллектуал; mathematical – математическая; international – международный (интернациональный); phone – телефон; economy – экономика; theory – теория; form – форма, вид, фигура, создавать, Conference - конференция, historical- исторический; financial-финансовый, reparation- репарация, возмещение, компенсация, revolutionary - революционный.

Прочитайте текст, не пользуясь словарем.

John Maynard Keynes was a dynamo who revolutionized economics as did no other in the twentieth Century.

This man of Britain's most avant-garde intellectuals wrote a highly acclaimed book on mathematical probability on the side while working for the British government, made fortune speculating in international currencies and commodities by phoning Orders from his bed the first half hour of the morning. climbed mountains, married a beautiful Russian ballerina, and set the economic world on its head with his masterwork, The General Theory of Employment, Interest and Money.

Written during the Great Depression, it explained what classical economics could not: perpetual unemployment and a stagnating economy. The most depressing part of the Great Depression was that it seemed without end. Keynes's theory explained how this phenomenon could occur and offered a solution in the form of increased government spending.

Keynes was famous long before this masterpiece was published. He worked for the British Treasury during World War I and saw the Conference at Versailles firsthand. He wrote a book, Economic Consequences of the Peace, that claimed the treaty would lead to further instability and war in Europe. His perception of the historical consequences of the harsh financial treatment of Germany in reparation for the war was prophetic. Keynes studied economics at Cambridge University under Alfred Marshall, whom he later lovingly described äs an absurd old man. His father was also a noted economist, and Keynes followed in his footsteps teaching at Cambridge.

Ironically, this man who sold Champagne at discounted prices to support its consumption was born the year Karl Marx died. Both were revolutionary economists, but while Marx viewed capitalism with despair, Keynes - even in its blackest hour - looked for explanations, hope, and a cure. And being the man he was, he found them.