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The change from classical econimics to modern economic theory in the twentieth century is associated with this man?
Wiki User
∙ 9y ago
Economist John Maynard Keynes (b. 1883). Keynes' theories on economics and the relationship of money supply, velocity, fluidity, and value, revolutionized the field of economics. His views, now referred to alternately as 'supply-side,' 'monetary,' or simply 'Keynesian' economic theory, were widely embraced by Western nations, and were largely credited with ending the great depression; the influence of Keynes' ideas persists today.
Wiki User
∙ 14y ago
Wiki User
∙ 9y agoThe change from classical economics to modern economic theory int he 20th century is associated with John Maynard Kaynes. His theories, now referred to as 'supply-side,' 'monetary,' or simply 'Keynesian' economic theory, were widely embraced by Western nations, and were largely credited with ending the great depression.
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What is the meaning of H in home economic?
meaning H of the home econimics
What was One of the most significant economic and social development of the early twentieth century?
Technological innovation was the most significant economic and social development of the early twentieth century. Some of these inventions included the typewriter, telephone, and mechanized office equipment.
Who challenged the economic views in the middle of the twentieth century by proposing a mixed economy for the US?
galbraith
What French economist is most associated with the mercantile economic system?
The French economist most associated with the mercantile economic system was Colbert.
Would a Republican agree with the classical economic theory?
Classical economic theory held that markets regulate themselves, and don't need any outside intervention, such as that of a government. Modern Republicans would certainly agree with it.
What is the meaning of H in home economic?
meaning H of the home econimics
Which economic system calls for a maximum of collective ownership?
Classical capitalism
How did the economic situation for blacks change in the late twentieth century compared to the mid twentieth century?
Black family income increased dramatically.
Which accurately describes Indias economic progress in the late twentieth century?
Economic growth resulting in a large new middle class
What was One of the most significant economic and social development of the early twentieth century?
Technological innovation was the most significant economic and social development of the early twentieth century. Some of these inventions included the typewriter, telephone, and mechanized office equipment.
Did the majority of the worlds economic interaction shifted to china in the latter half of the twentieth cebtury?
maybe
Who challenged the economic views in the middle of the twentieth century by proposing a mixed economy for the US?
galbraith
Who challenged the economic views in the middle of twentieth century by proposing a mixed economy for the US?
galbraith
What group was most profoundly affected by the great economic changes of the late twentieth century?
Hispanics
What French economist is most associated with the mercantile economic system?
The French economist most associated with the mercantile economic system was Colbert.
Would a Republican agree with the classical economic theory?
Classical economic theory held that markets regulate themselves, and don't need any outside intervention, such as that of a government. Modern Republicans would certainly agree with it.
This man challenged the economic views in the middle of the twentieth century by proposing a mixed economy for the US.?
galbraith
