Keynesian theory has been criticized for its reliance on government intervention, which can lead to inefficiencies and misallocation of resources. Additionally, it may underemphasize the role of long-term supply-side factors in economic growth, focusing instead on short-term demand management. Critics also argue that Keynesian policies can contribute to inflation if stimulus measures are not carefully managed. Finally, the theory may oversimplify complex economic dynamics and the behavior of consumers and businesses.
limitation of keynesian theory??
That the government oversee and regulate the balance of the economy.
Keynesian economic theory focuses on government intervention to manage economic fluctuations, while classical economic theory emphasizes a hands-off approach with minimal government involvement in the economy.
Disadvantages: -crowding-out effect -time-lag -deficit spending
Keynesian theory
limitation of keynesian theory??
give them blowjobs
That the government oversee and regulate the balance of the economy.
Keynesian economic theory focuses on government intervention to manage economic fluctuations, while classical economic theory emphasizes a hands-off approach with minimal government involvement in the economy.
Disadvantages: -crowding-out effect -time-lag -deficit spending
Keynesian is an economics term that refers to advocated government monetary and fiscal programs intended to stimulate business activity and increase employment.
Keynesian theory
unemployment in developing countries results from fall in aggregated and foreign demand
Shozaburo Fujino has written: 'A Neo-Keynesian theory of inflation and economic growth'
Keynesian Economics
G. R. Steele has written: 'Keynes and Hayek' 'Monetarism and the demise of Keynesian economics' -- subject(s): Chicago school of economics, Classical school of economics, Keynesian economics, Quantity theory of money
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