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John Maynard Keynes

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(1883-1946) is regarded as the father of modern Macroeconomics. Keynes was the son of an eminent English economists, Jon Neville Keynes, ho was a lecturer in economics and logic at Cambridge University. was born in Cambridge, England and educated at Eton College and Cambridge University. There ....

Middle of essay

.... reviewed Keynes theories, which they discovered did not really explain the prolonging of the recession. Keynes began to study this problem thoroughly which appeared in his major work, “The General Theory of Employment, Investment, and Money” published in 1936. This piece of work that he did placed a convincing attack on the classical theory that capitalism would self-correct from a recession. Also, he proved the theoretical defense for programs that were already being tried in Great Britain ....
Number of words: 1397 Approximate pages: 6

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