For much of the 1940s, 50s and 60s, macroeconomic policymaking in the U.S. and abroad was dominated by

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The ideas advanced in Keynes's General Theory were dominant in macroeconomic policymaking during the 1940s, 50s, and 60s. Keynesian economics, which emphasized the role of government spending and fiscal policy in managing economic activity, was particularly influential in shaping policies aimed at addressing the Great Depression and post-war economic challenges.

For Much of the 1940s, 50s and 60s, Macroeconomic Policymaking