Maynard Keynes

John Maynard Keynes was a prominent 20th-century economist who transformed economic thought. He argued that during economic downturns, government intervention—such as increased spending and public projects—can help stimulate demand, create jobs, and revive growth. Keynes believed that free markets alone might not automatically recover from recessions and that proactive policies are essential for economic stability. His ideas shaped modern macroeconomics and guided government strategies worldwide, especially during the Great Depression, emphasizing the importance of active policy measures to manage economic fluctuations and promote full employment.