Keynesian Formula

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The Keynesian formula was developed by the British economist John Maynard Keynes. Keynes was an influential economist who was greatly influenced by the events of the Great Depression in the 1930s. He was a great influence upon government economic policy after the Second World War and was involved in the establishment of The World Bank and the International Monetary Fund at the Bretton Woods Conference in 1944. Keynes explained that the level of output and employment in the economy was determined by aggregate demand or effective demand. In a reversal of Say's Law, Keynes in essence argued that "man creates his own supply," up to the limit set by full employment. Monetarists have always been critical of Keynes' work.

Weitere Informationen

  • Allgemeine Informationen
    • GTIN 09786130689193
    • Editor Frederic P. Miller, Agnes F. Vandome, John McBrewster
    • EAN 9786130689193
    • Format Fachbuch
    • Titel Keynesian Formula
    • Herausgeber Alphascript Publishing
    • Anzahl Seiten 156
    • Genre Wirtschaft

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