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Related to Keynes: Milton Friedman, Keynesian economics
Keynes(kānz), John Maynard First Baron of Tilton. 1883-1946.
British economist whose General Theory of Employment, Interest, and Money (1936) argued that high unemployment in a stable economy could be relieved by increasing the aggregate demand for products through public spending and tax reductions.
(Biography) John Maynard, 1st Baron Keynes. 1883–1946, English economist. In The General Theory of Employment, Interest and Money (1936) he argued that unemployment was characteristic of an unregulated market economy and therefore to achieve a high level of employment it was necessary for governments to manipulate the overall level of demand through monetary and fiscal policies (including, when appropriate, deficit financing). He helped to found the International Monetary Fund and the World Bank
ˈKeynesian adj, n
John Maynard, 1st Baron, 1883–1946, English economist and writer.
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|Noun||1.||Keynes - English economist who advocated the use of government monetary and fiscal policy to maintain full employment without inflation (1883-1946)|
Bloomsbury Group - an inner circle of writers and artists and philosophers who lived in or around Bloomsbury early in the 20th century and were noted for their unconventional lifestyles