KEYNES, LORD

John Maynard Keynes (1883 - 1946), English economist and writer. His economic theories, Keynesian economics, advocate using government policies and programs to increase employment through vast government spending in times of recession. —SHSBC Binder 22 Approved Glossary

John Maynard Keynes (1883@1946), English economist and writer. Keynes rejected traditional theories of the free market (the production and exchange of goods and services without interference from the government) and advocated vast government expenditure on policies and programs to increase employment in times of recession, even at the risk of unbalancing the budget.John Maynard Keynes (1883 - 1946), English economist and writer. His economic theories, Keynesian economics, advocate using government policies and programs to increase employment through vast government spending in times of recession.