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How Keynesian revolution and the contributions of The general theory of employment, interest and money gave...

How Keynesian revolution and the contributions of The general theory of employment, interest and money gave rise to Keynesianism?

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Keynesian Revolution served as fundamental rework done on the  economic theory concerning the factors that determine employment levels in the economy. Keynes through his contribution on The general theory of employment, interest and money emphasized that demand is the driving factor behind the levels of employment and not supply.He advocated managed market economy which is predominantly private sector,but with an active role for government intervention during recessions and depressions. all these and the then prevailing condition of unemployment due to depression and world war gave rise to Keynesianism which proposed goverment intervention to decrease unemployment.

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