Who argued during the 193s that the state could stimulate economic growth and improve stability in the private sector?
A)Adam Smith
B)John Maynard Keynes
C)Milton Friedman
D)Herbert Hoover
E)Geert Hofstede

Question

Quizplus · Accepted Answer

John Maynard Keynes argued in his book "The General Theory of Employment, Interest, and Money" published in 1936 that state intervention was necessary to stimulate economic growth and stability in the private sector. This idea became known as Keynesian economics and had a significant impact on economic policy in the decades following its publication, particularly during the post-World War II era.

Who Argued During the 193s That the State Could Stimulate