Keynes, J. M.

John Maynard Keynes (1883–1946), also known as Lord Keynes, was a British economist who is considered to be one of the most influential economists of the 20th century. The school of thought that adopted his ideas is known as Keynesian economics. Many economists have credited his views on recessions and depressions as shaping the foundation of modern macroeconomics, as well as influencing political theory and how many governments handle fiscal policy. His policy recommendation to increase government spending for health, education, and other subsidies was designed to boost a failing economy while addressing the plight of those most adversely affected by it. He laid out his views, unorthodox at the time, in his best-known work The General Theory of Employment, Interest, and Money, which was ...