the general theory of employment interest and money
distinguished british economist john maynard keynes 1883 1946 set off a series of movements that drastically altered the ways in which economists view the world . in his most important work the general theory of employment interest and money 1936 keynes critiqued the laissez faire policies of his day particularly the proposition that a normally functioning market economy would bring full employment . keyness forward looking work transformed economics from merely a descriptive and analytic discipline into one that is policy oriented . for keynes enlightened government intervention in a nations economic life was essential to curbing what he saw as the inherent inequalities and instabilities of unregulated capitalism .