The Cambridge School of Economics refers to a group of economists associated with the University of Cambridge in the United Kingdom. This school is known for its influential theories and contributions to economic thought, particularly during the early to mid-20th century. Key figures include John Maynard Keynes, whose ideas revolutionized macroeconomic policy and theory. The Cambridge School emphasizes the importance of historical context and real-world applications in economic analysis. It contrasts with other schools of thought, such as the Chicago School of Economics, which focuses more on mathematical models and free-market principles. The Cambridge approach has significantly shaped modern economic policies and discussions.