Father of macro economic
FATHER OF MACRO ECONOMIC
- John Maynard Keynes, a British economist active in the early 20th century, is widely recognized as the "father of macroeconomics.
- His seminal
work, The General Theory of
Employment, Interest, and Money, published in 1936
- Keynes's theories emphasized the importance of aggregate
demand in influencing economic activity and advocated for government
intervention to mitigate economic downturns. His ideas gave
rise to Keynesian economics, which became a dominant framework for
understanding and addressing economic fluctuations.
- Instance, Irving Fisher, an American economist from the late 19th and early 20th centuries, made notable contributions to monetary theory and the understanding of interest rates.
INSTAGRAM LINK
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YOU TUBE LINK
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