1. Economics and John Maynard Keynes
Keynesian economics is the macroeconomic School of Economic Thought that was based of the ideas of the 20th century economist John Maynard Keynes. ... In conclusion, the Keynesian School of Economic Thought believes that during recessions and depressions the public sector must take action in the private sector to stabilize the economy. The positives of Keynesian economics is that this economic school of thought has been proven to bring nations out severe economic recessions and even depressions. ... Keynes developed his school of economic thought in 1936 as his attempts to end the depression....
- Word Count: 1814
- Approx Pages: 7
- Grade Level: Undergraduate