Keynes
The total demand for goods produced domestically
aggregate demand
The central figure in his work
the entrepreneur
His most important book
The General Theory of Employment, Interest, and Money
Recurring pattern of economic growth and stagnation
the long wave
The role of government
Intervene to stabilize economies
New technologies and business methods disrupt existing industries
creative destruction
The result of tariffs
Trade wars, retaliation, breakdown of international agreements
He emigrated from
Austria
Worked with Keynes at Bretton Woods
Harry Dexter White
He stressed
long-term dynamics of innovation and entrepreneurial activity