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Keynes was one of the greatest and most influential economists of the 20th century. For this reason, he is known as "the father of modern economics (Keynesian theory)." His popular expression "In the long run we are all dead" is still quoted today (wikipedia). Keynesianism was named for John Keynes. Keynesianism is an economic theory that promotes a mixed economy, where both the state and the private sector play an important role.
When the Great Depression hit, it fell on economists to explain it and devise a cure. Most economists were convinced that something as large and as the Great Depression must have complicated causes...
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