Artsy | Anna Louie Sussman:
The famed early-20th-century economist John Maynard Keynes is perhaps best known for challenging the reigning orthodoxy that free markets generate full employment, arguing instead that the state has a role to play in helping moderate the swings of business cycle. His work—not just theoretical but practical, in the many roles he assumed on behalf of the British government—laid the foundation for modern macroeconomics. His ideas still influence policymakers today, especially those calling for government spending, or stimulus, in times of low economic growth… Read more
Image: John Maynard Keynes. Image via Wikimedia Commons.