How Did John Maynard Keynes Influence The Modern World

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John Maynard Keynes, is considered one of the heavy weights when it comes to modern economic theory. In today’s world there are two major schools of thought when it comes to economics, Classical and Keynesians. This shows you the impact that he had in the world of economics. His studies and writings have shaped our modern world.

Keynes got involved into economics because of the time period in which he lived in. He was seeing the effects of the great depression in his home of Great Britain. The measures taken to stop the great depression all fell within the school of classical economics. “Two events spurred Keynes’ development of his new model. The first was the inability of the British economy to overcome the Great Depression.
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