Question

State the contribution of Lord Keynes to economic ideas.

Answer 1

Economist John Maynard Keynes made many contributions to the field of macroeconomics including his inflation theory, stance against Say's Law, unemployment thoughts, borrowing during the recession theory, belief in government and private sector boosts and view that the government should be involved on a major level in regards to economics.Keynes was an incredible influence in the field of economics, and there is an entire school of thought around his influence known as Keynesian economics.