An Overview of Economist John Maynard Keynes’ Major Work

Joseph Petry

· Economic Theorists

Joe Petry is a strategy advisory and consultant. His extensive background as a professor of economics at one of the country’s leading universities, as well as his practical experience as an investor, enable him to offer in-depth economic insights and solutions. Joseph Petry’s popular college classes focused on a wide range of topics, both current and historical.

One of the leading economic theorists of the modern age was John Maynard Keynes (1883-1946). “Keynesian” economic theories remain a traditional staple of both economics courses and ongoing policy discussions at the national and international level. The British-born Keynes served in a variety of positions in both academia and government.

Keynes’ work, The General Theory of Employment, Interest and Money, published in the 1930s during the Great Depression, proposed that the best solution for economic recession is a policy of full employment as guaranteed through intervention by national governments.

His other basic principles, as advocated in this and other books and papers, included lowering tax rates and boosting government spending in general in order to further encourage market demand in times of recession.

 

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