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Quote by John Maynard Keynes

“It is not the ownership of the instruments of production which it is important for the State to assume. If the State is able to determine the aggregate amount of resources devoted to augmenting the instruments and the basic rate of reward to those who own them, it will have accomplished all that is necessary. Moreover, the necessary measures of socialization can be introduced gradually and without a break in the general traditions of society.”

Quote by John Maynard Keynes

Book:General Theory Of Employment , Interest And Money

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

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