This episode examines the emergence of Keynesian economics in the 20th century and its profound impact on economic theory and policy. We explore John Maynard Keynes' groundbreaking ideas, such as the role of government intervention and the concept of aggregate demand, and how they challenged the prevailing neoclassical orthodoxy. Listeners will gain insight into the historical context that gave rise to Keynesian thought and understand its lasting influence on modern economic frameworks.

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