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John Maynard Keynes
Beginning of essay
(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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