Explore Westonci.ca, the premier Q&A site that helps you find precise answers to your questions, no matter the topic. Experience the convenience of finding accurate answers to your questions from knowledgeable professionals on our platform. Explore comprehensive solutions to your questions from a wide range of professionals on our user-friendly platform.

Which economist developed an economic theory that became influential during the global depression as well as the rest of the twentieth century

Sagot :

Gibbs
John Maynard Keynes was a major historical economist who was made famous in the early part of the 20th century. He is considered the father of modern macroeconomics and his work has informed governments and thinkers for decades since this time. He challenged neoclassical economic theory which asserted that the market would correct itself to achieve full employment if workers would adjust to changes in wages. Instead Keynes asserted that this would not occur and that instead government intervention into the economy was necessary to deal with the booms and busts of the economic cycle. 
Thanks for using our service. We aim to provide the most accurate answers for all your queries. Visit us again for more insights. We hope our answers were useful. Return anytime for more information and answers to any other questions you have. Thank you for using Westonci.ca. Come back for more in-depth answers to all your queries.