IntroductionWith the recent recession John Maynard Keynes and his theories are being debated by millions of Americans, although probably without their knowledge, since his theories are become an integral part of American economic policy. A search for “John Maynard Keynes” on Google News, limited to just last week, produces more than 200 results, illustrating the extent of Keynes' continuing influence. Fueled by concerns about unemployment and inflation, debate rages over the government's role in the economy, including regulation of industry, tax rates and government spending to stimulate the economy. What people really argue about are the merits of supply-side versus demand-side economics. Keynes o “Keynesian economics is based on the idea that the government can stimulate employment or reduce inflation by manipulating the demand side of the economy, increasing government spending, and expanding the money supply to stimulate employment and doing exactly the opposite to contain inflation.” The two decades between 1919 and 1939 were characterized by great economic instability." Economic problems were occurring both at home and abroad. In addition to the unemployment plaguing America and other “major capitalist industrial nations –…Britain, France, [and] Germany” – there was also “nightmarish inflation, collapsing banks, [and] agrarian and industrial devastation ”. The beginning of this economic collapse coincided with the end of the First World War and the related peace treaty. Keynes, a British economist, had advised his government throughout World War I, including the Paris Peace Conference. He entered the international economic scene with his 1919 book entitled The Economic Consequences of Peace. The book captures his views following the Treaty...... middle of paper......s, 1989. Print. (432)Ibid, 432"What was the New Deal?" Franklin D. Roosevelt - American Heritage Center, Inc. 2006. Web. May 21, 2011. .Hofstadter, The America Political Tradition, 442Subtopics as suggested by Donald Morgan.Qtd In Reich, Economist Keynes, 3Qtd In "John Maynard Keynes." The concise encyclopedia of economics. 2008. Library of Economy and Freedom. 5 June 2011. .IbidHicks, JR Mr. Keynes and the "Classics"; A suggested interpretation. Econometrics. vol. 5, no. 2 (April 1937), pp. 147-159 P. 147"Economics AZ | Economist.com." The Economist - World news, politics, economics, business and finance. Network. May 22 2011. .