The Keynesian Revolution
The Keynesian Revolution3,73 22 5 Scritto da: Fred Glahe, Frank Vorhies Letto da: Louis Rukeyser
Keynes suggested that capitalism is vulnerable to instability caused by insufficient consumer demand. He emphasized the reluctance of workers to accept reductions in nominal wages, preventing free market adjustments to unemployment. Based on these and other perceived defects in the capitalist system, Keynes suggested government intervention in the economy, and modern politicians have accepted and applied Keynesian ideas with great enthusiasm.
The Great Economic Thinkers Series is a collection of presentations that explain in understandable language the major ideas of history’s most important economists. Special emphasis is placed on each thinker’s attitude toward capitalism, revealing their influence in today’s debate on economic progress and prosperity.
Più informazioniEditore: Knowledge Products
Durata: 2H 26Min