john maynard keynes was best known for promoting the idea that the governments should

John Maynard Keynes was one of the most important economists of the 20th century, who developed an economic theory to solve the problems of the great depression. According to him, during an economic crisis, the government should increase its intervention and performance in the economy, in order to supply the deficiencies created by market failures. In this sense, during difficult economic times, the government would enhance its spending in different areas, like social plans, public health, labor, and education, to cover basic needs and solve the problems derived from a critical market.

Explanation:

chilljain33 chilljain33 · Answer 2 · 2022-05-20T09:35:10+02:00

John Maynard Keynes promoted the ideas regarding the intervention of government in the functioning of an economy.

Who was John Maynard Keynes?

John Maynard Keynes was an influential economist who gave a great emphasis and developed theories regarding the intervention of government in the national economy.

He further supported the idea that the control of an economy in the hands of a government will help in efficient and optimum utilization of all the resources available with the nation.

Hence, the aforementioned ideas were promoted by John Maynard Keynes.

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