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What is Keynesian Economics Explained about?

John Maynard Keynes was an English economist born in 1883 who is considered the father of modern economics. He published his seminal work, The General Theory of Employment, Interest and Money, in 1936 which revolutionized economic thought by arguing that government intervention was necessary to increase aggregate demand and spending in order to achieve full employment. Keynes advocated for active fiscal policy and a mixed economy with both private and public sectors to stabilize economies and prices.

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feelmehul

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EN