Keynes, John Maynard Keynes - Deepstash

Keynes, John Maynard Keynes

After the US Great Depression of the 30s, J.M. Keynes came up with Keynesian economics.



His theory, centered around aggregate demand and its influence over the overall level of economic activity, lead to the introduction of various fiscal stimulus schemes, which can theoretically, for example, pull an economy out of a recession.


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