Question

Which president rejected the theory of keynesian economics?

Answer 1

President Ronald Reagan rejected the theory of Keynesian economics, this theory proposed by John Maynard Keynes, embodied in his work General Theory of Employment, Interest and Money, published in 1936 in response to the Great Depression of 1929, the central principle of this school of thought is that state intervention can stabilize the economy, Keynesianism is one of the best-known economic theories, its main characteristic is that it supports interventionism as the best way out of a crisis and as a mechanism to stimulate demand and regulate the economy in times of depression.