John keynes.docx - Grace T Babalola Course PMGT 5955 Comparative Political Economy and Policy Instructor Dr Paul Trogen A summary of the Modern Liberal

John keynes.docx - Grace T Babalola Course PMGT 5955...

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Grace T. BabalolaCourse: PMGT 5955 - Comparative Political Economy and PolicyInstructor: Dr. Paul TrogenA summary of the Modern Liberal perspective of John Maynard KeynesJohn Maynard Keynes was an influential early 20th-century British economist,known as the father ofKeynesian economics. His theories of Keynesian economics addressed, among other things, the causes of long-term unemployment. In a paper titled "The General Theory of Employment, Interest and Money," Keynes became an outspoken proponent offull employmentand government intervention as a way to stop economicrecession. His career covered academic roles and government service.Keynes was born in Cambridge and grew up to be an economist, journalist and financier, thanks in large part to his father, John Neville Keynes, an Economics lecturer at Cambridge University. He remained in Cambridge for another year to study under Alfred Marshall and Arthur Pigou whose scholarship on the quantity theory of money led to Keynes’sTract on Monetary Reform

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