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Still, these two brilliant minds did not share each others’ views over some basic economics matters, such as the intensity of governmental regulations, price policy, fiscal and monetary politics. Quite logically, a question arises: who was actually right, whose ideas explain the way economy behaves. In other words, who is the winner in one of the greatest debates in the century?
John Maynard Keynes (1883-1946), lay base for what is now called “Keynesian economics”; this school had a major impact on modern economic and political theory as well as on many governments' fiscal policies. In his work “The General Theory of Employment, Interest and Money” he states brilliant ideas over the unemployment and price regulations that should be applied by the government...
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