Question

Which philosopher do you consider most relevant today? Give your reasons by supporting your argument with reference to that that philosopher’s ideas as presented in the texts.

Answer 1

It is the John Maynard Keynes as philosopher and economist, one of the most relevant today. It is due to the different policy proposals, given by him and used by the governments in post financial crisis of 2008. It helped the governments to proactively intervene without exercising the control over the assets. So, interventions took place without disturbing the theme of market based economy.
It can be understood by the policies adopted by the US government when it came out with the fiscal stimulus of $787 Billion to help the economy. It was complemented by the Federal Reserve when it launched monetary policy of expansionary nature and put federal fund rate up to zero %. It helped the economy to recover and start growing again. So, it is the Keynesian philosophy of economic views that helped the government not only in USA, but also in other countries in the world