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Definition of Keynes, John Maynard in English: Keynes, John Maynardproper nounkeɪnzkānz 1st Baron (1883–1946), English economist. He laid the foundations of modern macroeconomics with The General Theory of Employment, Interest and Money (1936), in which he argued that full employment is determined by effective demand and requires government spending on public works to stimulate this.
Definition of Keynes, John Maynard in US English: Keynes, John Maynardproper nounkānz 1st Baron (1883–1946), English economist. He laid the foundations of modern macroeconomics with The General Theory of Employment, Interest and Money (1936).
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