This economist's namesake principle of effective demand determines levels of output and employment when not governed by Say's Law, while the equilibrium level of GDP is depicted in the diagram of his namesake "cross." He proposed the use of he bancor as a world currency at the (*) Bretton Woods conference and saw his ties with the Bloomsbury group strained over his work for the Treasury, which led to his Economic Consequences of the Peace. Broad governmental fiscal policies and central bank actions are supported to eliminate private-sector inefficiencies in this man's namesake school of economics. For 10 points, name this liberal British economist and author of The T
This economist's namesake principle of effective demand determines levels of output and employment when not governed by Say's Law, while the equilibrium level of GDP is depicted in the diagram of his namesake "cross." He proposed the use of he bancor as a world currency at the (*) Bretton Woods conference and saw his ties with the Bloomsbury group strained over his work for the Treasury, which led to his Economic Consequences of the Peace. Broad governmental fiscal policies and central bank actions are supported to eliminate private-sector inefficiencies in this man's namesake school of economics. For 10 points, name this liberal British economist and author of The Theory of Employment, Interest, and Money.
This economist's namesake principle of effective demand determines levels of output and employment when not governed by Say's Law, while the equilibrium level of GDP is depicted in the diagram of his namesake "cross."
John Maynard {Keynes}