Political Economy Club (1909) facts for kids
The Political Economy Club was a special group started in 1909 by a famous economist named John Maynard Keynes. It was a club where only certain people were invited to join. They usually met once a week in Keynes' own rooms at King's College, Cambridge. At these meetings, someone would present an idea or a written paper. Then, the other members would talk about it and share their thoughts.
What Was the Political Economy Club?
The Political Economy Club was like a discussion group for smart people interested in how countries manage their money and resources. They talked about big ideas related to economics. These discussions helped shape new ways of thinking about money and trade.
Keynes' Last Meeting
John Maynard Keynes attended his last club meeting in February 1946. He read a paper about the future of the pound sterling, which is the money used in the United Kingdom. He also discussed if the United States dollar might become hard to find or "scarce" in the future. This shows how important these discussions were for understanding world money matters.
Who Were the Members?
Many important thinkers and economists were part of the Political Economy Club. Here are some of them:
- Maurice Dobb
- Ralph George Hawtrey (1879 - 1975)
- Harry Gordon Johnson (1923 - 1977)
- John Maynard Keynes (1883 - 1946), who was the founder of the club.
- Dennis Robertson, who was the president around 1946.
These members were all very influential in the world of economics. They helped to develop many ideas that we still study today.
