The Keynesian Revolution, 1936–1965

  • Eric R. Crouse


This chapter introduces John Maynard Keynes—the most important economist of the twentieth century—and the Keynesianism that dominated America from the late 1930s to the mid-1960s. Although the scholarship of Milton Friedman and Robert Mundell dealt a blow to Keynesian theory in academic circles, politicians maintained a Keynesian mindset as they addressed economic conditions. It was a time of optimism and most American leaders favored the rise of government intervention to ensure full employment.

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© The Author(s) 2018

Authors and Affiliations

  • Eric R. Crouse
    • 1
  1. 1.Tyndale University CollegeTorontoCanada

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