John Maynard Keynes
- British economist
- Governments should spend their way out of Depression
- Borrow money to be repaid after economy recovers
- Deficit financing
- Projects should be of value to the country
- Went against Adam Smith’s theories
- USA, Japan and Hitler’s Germany all use this with success.
Kaynes was a very intelligent British economist. He brought in a bunch of new ideas that we are still based around today.