John Maynard Keynes is the father of modern macroeconomics, modern social liberal economics, and generally Keynesian economics and it’s various offshoots. Keynesian economics, and it’s offshoots, are the basis of modern economics. The rival school of economics is classical economics which arises from the other father of modern economics Adam Smith. Keynesian economics can be summed up as approving of government intervention in the free-market, the most famous first example of Keynesian economics in action is FDR’s New Deal.

Factoids tagged with "John Maynard Keynes"

Sir Isaac Newton Was an Economist Fact


Blog Posts tagged with "John Maynard Keynes"

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