JOHN MAYNARD KEYNES

A British author and economist who is prominent for his stand the national governments should endeavor to smooth out the outcome of expanding and contracting the business cycle by employing fiscal and monetary policies. Keynes’ ideas have basically influenced the theory and practice of modern macroeconomics. He is viewed as one of the establishers of modern day macroeconomic theory and his perspective on economic theory has evolved into a subset of economic theory called "Keynesian economics".