“The considerations upon which expectations of prospective yields are based are partly existing facts which we can assume to be known more or less for certain, and partly future events which can only be forecasted with more or less confidence.”
Quote by John Maynard Keynes
Work
General Theory Of Employment , Interest And Money
This book delves into the theoretical underpinnings of economic fluctuations, analyzing the relationship between employment levels, interest rates, and the money supply. It is considered a cornerstone of modern macroeconomic theory. more
Author
John Maynard Keynes
John Maynard Keynes, born on June 5, 1883, was a prominent British economist whose work had a profound impact on the field of economics, particularly in the area of macroeconomics. His theories advocating for government intervention to stabilize the economy gained widespread application during the Great Depression of the 1930s. more