John Maynard Keynes: unusually for an economist, he did not think people were very rational
- Written by Eugenio Proto, Alec Cairncross Professor of Applied Economics and Econometrics, University of Glasgow
When people think of John Maynard Keynes, who died 75 years ago on April 21, they probably think of his ideas about economic demand and how government spending is essential to emerge from a recession.
England’s most famous economist is renowned as the one-time civil servant and Treasury adviser whose thinking dominated economic policy in the...