John Maynard Keynes, 1st Baron Keynes, CB (5 June 1883 – 21 April 1946) was a British economist. His ideas, called Keynesian economics, had a big impact on modern economic and political theory. His ideas also had a big impact on many governments' tax and economic policies. He said governments should use tax and banking measures to stop the effects of economic recessions, depressions and booms. He is one of the fathers of modern theoretical macroeconomics.
John Maynard Keynes | British economist
Questions and Answers
Q: Who was John Maynard Keynes?
A: John Maynard Keynes was a British economist who is one of the fathers of modern theoretical macroeconomics.
Q: What are Keynesian economics?
A: Keynesian economics are the ideas put forward by John Maynard Keynes, which had a big impact on modern economic and political theory.
Q: How did his ideas affect governments' policies?
A: His ideas had a big impact on many governments' tax and economic policies.
Q: What did he suggest to stop the effects of economic recessions, depressions and booms?
A: He suggested that governments should use tax and banking measures to stop the effects of economic recessions, depressions and booms.
Q: What is macroeconomics?
A: Macroeconomics is an area of economics that looks at overall trends in the economy such as inflation, unemployment, GDP growth etc.
Q: When was John Maynard Keynes born?
A: John Maynard Keynes was born on 5 June 1883.
Q: When did he die? A: He died on 21 April 1946.