John Maynard Keynes

1. John Maynard Keynes is known for developing the concept of active government economic policy during economic downturns.
2. He proposed that the government should use measures such as increased government spending and reduced taxes to stimulate the economy and promote growth.
3. Keynes emphasized the importance of consumer spending and investment in driving economic recovery.
4. He suggested that the government should undertake large-scale public investments in infrastructure projects to stimulate economic growth and create jobs.
5. Keynes' ideas have had a significant impact on economic policies and have influenced the development of the Keynesian economic model, which emphasizes government intervention during periods of economic crisis.
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