John S. B. McCulloch

John S. B. McCulloch was a prominent economist known for developing models to understand how different economic factors interact within an economy. He contributed to the early development of Keynesian economics, emphasizing the importance of government policies, such as adjusting investment and spending, to stabilize economic cycles and manage employment and growth. His work helped shape modern macroeconomic thought by analyzing how changes in government expenditure and taxation impact overall economic activity and stability.