John Maynard Keynes

John Maynard Keynes

John Maynard Keynes (1883-1946) was a famous British economist, mainly known for his book “The General Theory of Employment, Interest and Money“, published in 1936, and for being the father of Keynesian Economics.

In particular, Keynes was a strong advocate of full employment and government intervention in order to stop economic recessions: in his opinion, absolutely innovative at his time, an increase in government spending and in the budget deficit would have decreased the unemployment rate.

Another important essay written by Keynes was “The Economics Consequences of the Peace” (1919), in which he successfully predicted the rise of the Nazi regime in Germany, after the huge war reparations imposed on it by the countries that had won the Great War.

Additionally, in 1944 Keynes led the British delegation in the Bretton Woods conference in the United States, convened in order to create a new international economic order: he is believed to have played a significant part in the planning of the International Monetary Fund and the World Bank.

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