How would you summarize the teachings of John Maynard Keynes in 1500 characters or less?
- JuanBLv 72 months agoFavourite answer
A dedicated Economist, Keynes once said in the long run we are all dead. Then went on to prove it.
- 1 month ago
Economic imbalances on a macro level will happen and the government can play a role via tightening and loosening money to correct the imbalances
- ?Lv 41 month ago
A local town is named after him.
Except they used the word Milton rather than his real name.
Nice place tho.
Lots of trees.
- LiliLv 71 month ago
The subject is far too complex for such a brief summary.
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- ?Lv 62 months ago
Keynes summarized his own presentation in three issues. Firstly, there is a short run disequilibrium. Even when the long run equilibrium is true and we are all dead.Secondly, the labor market can create the disequilibrium. And thirdly, the demand for money if for transaction and investment.
- ?Lv 72 months ago
Keynesian policies means the government invests when economy is slow and increases taxes when it's too fast.
Governments have to do this to prevent booms and busts
- OnlookerLv 72 months ago
Deficit spend to ignite the engines of capitalism. (8 words)