This man frequented the Bloomsbury Group, which shaped his adoption of liberalism. After World War I, he served as a representative to the Versailles Peace Conference in 1919 where he correctly predicted that the reparations that Germany was forced to pay would cause runaway inflation in the German economy and cause further conflict in Europe. Because he believed that the root cause of an economic downturn was a drop in aggregate demand, he advocated government spending as the solution to recess
This man frequented the Bloomsbury Group, which shaped his adoption of liberalism. After World War I, he served as a representative to the Versailles Peace Conference in 1919 where he correctly predicted that the reparations that Germany was forced to pay would cause runaway inflation in the German economy and cause further conflict in Europe. Because he believed that the root cause of an economic downturn was a drop in aggregate demand, he advocated government spending as the solution to recessions and depressions. FTP, name this economist who established modern macroeconomics in his book The General Theory of Employment, Interest, and Money.
This man frequented the Bloomsbury Group, which shaped his adoption of liberalism.
John Maynard {Keynes}