CURRENT AFFAIRS

Detailed explanation-1: -Perhaps the most influential and well known British economist of the twentieth century was John Maynard Keynes (1883-1946).

Detailed explanation-2: -Keynes the master Keynesian economics gets its name, theories, and principles from British economist John Maynard Keynes (1883–1946), who is regarded as the founder of modern macroeconomics. His most famous work, The General Theory of Employment, Interest and Money, was published in 1936.

Detailed explanation-3: -Keynes died on the morning of 21 April 1946 of a bean attack at Tilton, his country residence in Sussex. He was only 62. A downhill walk the previous day may have been the final straw, but the real cause of death was overwork.

Detailed explanation-4: -The theories of John Maynard Keynes, known as Keynesian economics, center around the idea that governments should play an active role in their countries’ economies, instead of just letting the free market reign. Specifically, Keynes advocated federal spending to mitigate downturns in business cycles.