ABSTRACT
With Adam Smith and Karl Marx, John Maynard Keynes (pronounced CANES) stands as one of three giant figures in economics. Smith was the optimist of this trio, seeing higher living standards as the main consequence of capitalism. Marx was the pessimist of the three, believing that capitalism would self-destruct due to its many flaws. Keynes was a pragmatist seeking a middle road. He thought that intelligent government policy could save capitalism. This would allow us to reap its benefits without suffering its many problems.
