Published in 1919, this book accurately predicted that the onerous reparations levied against Germany after World War I would drive it into dangerous economic nationalism and militarism. Keynes’s theories, and the success of the book, brought him great acclaim and established his reputation as a leading economist.
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John Maynard Keynes (1883–1946) was a British economist. During the Great Depression he published The General Theory of Employment, Interest and Money, an enormously influential book positing the revolutionary theory that prolonged recessions are not self-correcting, but require government intervention. This thesis formed the basis of Keynesian economics and shaped government policies in a number of countries for decades.
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