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.

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