John Maynard Keynes supported economic policies that:

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17-08-2022
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John Maynard Keynes supported economic policies that:

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okpalawalter8 okpalawalter8 · Answer 1 · 2022-08-19T16:25:24+02:00

John Maynard Keynes, a British economist, was the driving force behind a paradigm shift in economic thought that overturned the prevalent notion at the time that free markets would automatically provide full employment. This idea held that everyone who wanted a job would have one as long as workers were flexible in their wage demands. Keynes' revolution in economic thinking overturned this notion.

This is further explained below.

Who is John Maynard Keynes?

Generally, The theories of English economist John Maynard Keynes, 1st Baron Keynes, CB, FBA, transformed both macroeconomic theory and practice and the economic policies of governments. He started off as a mathematician and improved upon and expanded upon previous research into what drives economic cycles.

In conclusion, John Maynard Keynes, a British economist, led a revolution that shattered the belief that free markets would provide full employment so long as workers were able to adjust their pay expectations to the market.