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John Maynard Keynes

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Keynes

John Maynard Keynes was an influential economist.

Lived: 1883-1946


Keynes poularized the idea that Governments did have a role in managing the economic considerations of a nation. Previously economists had resisted, and in fact were biased against (perhaps rightly so), involvement by government in economic policy. Major complications worldwide helped contribute to the percieved need for government intervention. Following from this urgentcy a new paradigm of economics was born -- Old Keynesian Economics.

WroteEdit

The General Theory of Employment, Interest, and Money 1936

See alsoEdit

Socialist Calculation Debate

SourcesEdit

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