John Maynard Keynes (1883-1946) was without issue probably the most influential economist from the twentieth hundred years. His most significant work, The General Theory of Employment, Interest, and Cash, was released in 1936, and it was widely regarded as offering plausible explanations and solutions for the Great Depression.

Keynes suggested that capitalism is vulnerable to instability due to insufficient consumer demand. He emphasized the reluctance of employees to simply accept reductions in nominal wages, preventing free marketplace modifications to unemployment. Based on these and other perceived problems in the capitalist program, Keynes suggested federal government intervention throughout the market, and contemporary politicians have recognized and used Keynesian tips with great excitement.

The Great Economic Thinkers Series is normally a assortment of presentations that explain in understandable language the major ideas of history’s most important economists. Special emphasis is placed on each thinker’s attitude toward capitalism, revealing their influence in today’s debate on financial progress and success.