FAQ About John Maynard Keynes
What is Keynesian economics?
Keynesian economics is a macroeconomic theory developed by John Maynard Keynes during the 1930s in response to the Great Depression. It posits that total spending in an economy (aggregate demand) is the primary driver of economic growth and employment. Keynes advocated for increased government expenditures and lower taxes to stimulate demand and pull the economy out of depression.
