Want this question answered?
keynes, keynesian
Full employment
Depression and Unemployment.
The government
Strict control on stock speculation
Great Depression
keynes, keynesian
The Great Depression
Keynes believed that only government intervention could get a country out of a depression and the economy back on track.
Full employment
Economist John Maynard Keynes argued that deficit spending was the best way to address a long-term economic depression. His policies are collectively known as Keynesian economics.
Depression and Unemployment.
Full Employment
The government
Strict control on stock speculation
Strict control on stock speculation
One of the main critiques is on say's law, which is that supply creates its own demand. In a nutshell Keynes was able to explain the great depression by saying that demand creates supply. This is extremely simplified.