In addition to the virtues enumerated by Slyvia Nasar on this threaed, Keynes rescued the hitherto unpublished writings of Sir Isaac Newton from obscurity. He bought Newton's papers at auction. It was a revelation. read more
Keynes government spending policy was based on principles of negative-feedback. It is exactly like the way ships are stabilized in rough seas. Ballast is pumped from one side to the other to counteract the roll etc. etc. Keynes spending policies by government were along those lines. He was one of the bright lights of the 20 th century. read more
John Maynard Keynes, 1st Baron Keynes CB FBA (/ k eɪ n z / KAYNZ; 5 June 1883 – 21 April 1946), was a British economist whose ideas fundamentally changed the theory and practice of macroeconomics and the economic policies of governments. read more
Keynesian economics developed during and after the Great Depression, from the ideas presented by John Maynard Keynes in his 1936 book, The General Theory of Employment, Interest and Money. Keynes contrasted his approach to the aggregate supply-focused classical economics that preceded his book. read more