Probably the most influential economist of the 20th century, Keynes is the father of the revolutionary Keynesian Economics, a distinct branch of economic school of thought originally developed during the great depression of the 1930s as a measure to counter depression. Keynesian economics strongly advocates government intervention (fiscal policy) to boost aggregate demand, the spark needed to reinvigorate the economic machine in the short-run, especially during recessions.
Probably the most influential economist of the 20th century, Keynes is the father of the revolutionary Keynesian Economics, a distinct branch of economic school of thought originally developed during the great depression of the 1930s as a measure to counter depression. Keynesian economics strongly advocates government intervention (fiscal policy) to boost aggregate demand, the spark needed to reinvigorate the economic machine in the short-run, especially during recessions.