keynes

Keynes: A Graphic Guide

John Maynard Keynes was arguably the twentieth century’s greatest economist. As a new recession bites, it is Keynesian ideas being called into action by governments across the globe.

In the wake of the Great Depression, Keynes advocated that governments spend vast amounts in order to create jobs and prosperity. His ideas, the bedrock of Roosevelt’s New Deal in 1930s America, revolutionised government and helped create an economic consensus only shattered by the monetarism of Reagan and Thatcher’s 1980s.

Keynes himself was a complex man – an establishment figure who married a Russian ballerina in...