| Revision as of 01:12, 6 February 2002 editSjc (talk | contribs)8,581 editsmNo edit summary | Revision as of 15:51, 25 February 2002 edit undoSjc (talk | contribs)8,581 editsNo edit summaryNext edit → | ||
| Line 2: | Line 2: | ||
| John Maynard Keynes was a highly significant and radical economist largely responsible for the notion that the relationship between governmental spending and the economic well-being of capitalist states was indivisible, positing that government, by use of fiscal and monetary measures, was capable of reducing the likelihood and also mitigating the adverse effects of financial recessions and booms. This is set out clearly and unequivocally in his seminal book "The General Theory of Employment, Interest and Money", first published in ]. Within this book, he also was responsible for the first indication of the concept of ]. | John Maynard Keynes was a highly significant and radical economist largely responsible for the notion that the relationship between governmental spending and the economic well-being of capitalist states was indivisible, positing that government, by use of fiscal and monetary measures, was capable of reducing the likelihood and also mitigating the adverse effects of financial recessions and booms. This is set out clearly and unequivocally in his seminal book "The General Theory of Employment, Interest and Money", first published in ]. Within this book, he also was responsible for the first indication of the concept of ]. | ||
| See also: ]. | |||
Revision as of 15:51, 25 February 2002
John Maynard Keynes (June 5 1883 - April 21 1946), English economist.
John Maynard Keynes was a highly significant and radical economist largely responsible for the notion that the relationship between governmental spending and the economic well-being of capitalist states was indivisible, positing that government, by use of fiscal and monetary measures, was capable of reducing the likelihood and also mitigating the adverse effects of financial recessions and booms. This is set out clearly and unequivocally in his seminal book "The General Theory of Employment, Interest and Money", first published in 1936. Within this book, he also was responsible for the first indication of the concept of macroeconomics.
See also: Keynesian economics.