1930's Business and the Economy | John Maynard Keynes to President Roosevelt, February 1, 1938

Letter

By: John Maynard Keynes

Date: February 1, 1938

Source: Keynes, John Maynard. Letter to President Roosevelt, February 1, 1938. Reprinted in Current, Richard N., and John A. Garraty, eds. Words That Made American History Since the Civil War. Boston and Toronto: Little, Brown, 1965, 480–484.

About the Author: John Maynard Keynes (1883–1946) was an English economist whose revolutionary economic theories (Keynesian economics) have dramatically affected economic policy throughout the world since the early 1930s. His most important work, The General Theory of Employment, Interest and Money (1935), formalized his theories. In this work, Keynes sharply opposed traditional, laissez-faire doctrines that argued that the natural operation of the marketplace would correct economic downturns. Keynes played a major role in developing policies to fund World War II...