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John Maynard Keyes, a British economist, believed that capitalism could create a just and efficient society if it were managed competently by national governments. First, he believed that -should be abandoned: governments should go into the red to boost sluggish economies.Then, he advocated the creation of -, that is, investments that entailed - but that were very socially productive. Keynes also endorsed - to rein in currency speculation and promote full employment. Keynes's ideas were very influential in the Roosevelt administration's collection of policies called the -.
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