John Maynard: Positive Effects On The United States Economy

John Maynard Keynes Had the most positive effect on the united states economy because, During the Great Depression of the 1930's, the economic collapse couldn't be explained by the existing economic theory's, and also couldn't provide a public policy solution, which could employ people and start the economy back up. In other words, there was no way to build the economy after a collapse. John Maynard Keynes had found a better way to steer the economic culture of the united states free enterprise system. Basically, his idea was that any worker who wanted a job would have one as long as workers were flexible in their wage demands. This pulled people out of poverty during the great depression and also helps the unemployment rates of today's economic
culture. The united states economic system would not be standing the same way today without John Maynard Keynes . He was able to invent a way to give workers jobs during an economic downfall. John Maynard Keynes believed that prices, and especially wages, respond slowly to changes in supply and demand, resulting in periodic shortages and surpluses, especially of labor. This can cause the economic system to go down because there are fewer workers working, there is less money being recirculated throughout the business cycle. Changes in product or service demand, have their greatest short-run effect on real output and employment, not on prices.