Keynes, John Maynard

[ (kaynz) ]

A British economist of the early twentieth century who rejected traditional theories of the free market and advocated vast government spending in times of recession, even at the risk of unbalancing the budget.

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The New Dictionary of Cultural Literacy, Third Edition Copyright © 2005 by Houghton Mifflin Harcourt Publishing Company. Published by Houghton Mifflin Harcourt Publishing Company. All rights reserved.