English & Literature
Who is John Maynard Keynes from Capitalism and Freedom and what is their importance? Capitalism_and_Freedom English & Literature John Maynard Keynes | Capitalism and Freedom
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John Maynard Keynes (1883—1946) was a British economist whose ideas have shaped the 20th century more than any other. Keynes was the founder of modern macroeconomics and defended a mixed economy approach to government, where the government stops far short of nationalizing industry but instead uses fiscal policy to manage the economy and the boom-bust cycle, particularly to prevent permanent, stable and mass unemployment.