John Maynard Keynes · Economics

The Government as Spender

Keynes’s prescription that when private demand collapses, the government should spend to fill the gap - even on seemingly wasteful projects - to restart the economy.

What you'll be able to recall

You learned that Keynes urged government spending to fight slumps. Explain why he thought even ‘wasteful’ spending could help, and one serious risk of the policy, in your own words.

Leads to Franklin Roosevelt.

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