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Discuss the life and work of John Maynard Keynes. How did the Great Depression influence the publication of his book, The General Theory of Employment,
Discuss the life and work of John Maynard Keynes. How did the Great Depression influence the publication of his book, The General Theory of Employment, Interest, and Money, and what were some of the key criticisms he leveled against the classical economic model? In what ways was Keynesian theory more "general" than the classical model he was critiquing? Additionally, analyze the basic economic recommendations of Keynesian theory, including its emphasis on government intervention in the economy to stabilize demand and employment. Can Keynesian theory be used to generate economic prosperity? Finally, consider Keynes' famous statement that he wanted to "save capitalism from itself." What did he mean by this, and how do his economic theories relate to this idea? How might his recommendations for government intervention in the economy be seen as a way of addressing some of the inherent flaws and weaknesses of capitalism
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