John Maynard Keynes

John Maynard Keynes was born June 5, 1883 in Cambridge, England. Although the tone of his major writings in the 1920s was occasionally skeptical, he did not directly challenge the conventional wisdom of the period that favored laissez-faire. But his opinions did foreshadow the theoretical revolution he triggered in the 1930s with his work, The General Theory of Employment, Interest and Money. (born June 5, 1883, Cambridge, Cambridgeshire, Eng.—died April 21, 1946, Firle, Sussex) English economist, journalist, and financier, best known for his economic theories (Keynesian economics) on the causes of prolonged unemployment. His most important work, The General Theory of Employment, Interest and Money (1935–36), advocated a remedy for economic recession based on a government-sponsored policy of full employment.