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May 9, 2024 · Keynesian economics is a macroeconomic theory of total spending in the economy and its effects on output, employment, and inflation. It was developed by British economist John Maynard Keynes...
Keynesian economics, body of ideas set forth by John Maynard Keynes in his General Theory of Employment, Interest and Money (1935–36) and other works, intended to provide a theoretical basis for government full-employment policies.
Apr 22, 2024 · The theories of John Maynard Keynes, known as Keynesian economics, center around the idea that governments should play an active role in their countries' economies, instead of just letting the...
John Maynard Keynes, 1st Baron Keynes, CB, FBA (/ k eɪ n z / KAYNZ; 5 June 1883 – 21 April 1946), was an English economist and philosopher whose ideas fundamentally changed the theory and practice of macroeconomics and the economic policies of governments.
Keynesian economics (/ ˈ k eɪ n z i ə n / KAYN-zee-ən; sometimes Keynesianism, named after British economist John Maynard Keynes) are the various macroeconomic theories and models of how aggregate demand (total spending in the economy) strongly influences economic output and inflation.
Keynesian economics gets its name, theories, and principles from British economist John Maynard Keynes (1883–1946), who is regarded as the founder of modern macroeconomics. His most famous work, The General Theory of Employment, Interest and Money , was published in 1936.
Keynes investigated other causes of Britain’s economic woes, and The General Theory of Employment, Interest and Money was the result. Keynes’s General Theory revolutionized the way economists think about economics.
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