John maynard keynes contribution to economics

British economist (–)

"John Keynes" and "Keynes" redirect here. For his father, see John Neville Keynes. For other uses, see Keynes (disambiguation).

John Maynard Keynes, 1st Baron Keynes^[3]CB, FBA (KAYNZ; 5 June – 21 April ), was an English economist and philosopher whose ideas fundamentally changed the theory and practice of macroeconomics and the economic policies of governments.

John maynard keynes interesting facts

Originally trained in mathematics, he built on and greatly refined earlier work on the causes of business cycles. One of the most influential economists of the 20th century,^[5][6][7] he produced writings that are the basis for the school of thought known as Keynesian economics, and its various offshoots.^[8] His ideas, reformulated as New Keynesianism, are fundamental to mainstream macroeconomics.

He is known as the "father of macroeconomics".^[9]

During the Great Depression of the s, Keynes spearheaded a revo