Exploring Keynesian Economics: Principles, Impact, and Contemporary Relevance

Introduction

This paper aims to explore the principles of Keynesian economics, its historical impact on economic policy, and its relevance in contemporary economic discussions. Developed by John Maynard Keynes during the Great Depression, Keynesian economics emphasizes the role of government intervention in stabilizing the economy. By examining the foundational concepts of this economic theory, its influence on policy-making in the 20th century, and its applicability in addressin