Pros: Increased spending on infrastructure, creating more jobs thus indirectly spurring employment. This causes inflation, thus companies are more likely to invest their cash rather than just sit on it while it loses it's value.
Cons: The money is merely printed from thin air and deviates greatly from the gold standard, upon which currency was originally based on.
In contrast with Classical economics, Keynesian economics takes a broader view of the economy
Kesington economics is actually Keynesian economics.
Keynesian is a term which refers to a type of economics. To find a book about Keynesian economics, one could look at their local book store or at online book sites such as Barnes and Noble.
takes a broader view of the economy
Keynesian economics
In contrast with Classical economics, Keynesian economics takes a broader view of the economy
Keynesian economics
Kesington economics is actually Keynesian economics.
pros are that everyone can start a company, economics are fully boarded by economics and people can live in all freedom. cons are that it creats inequality, and it is unattractive to make something that cannot break, because than nobody will ever buy a new one and you will have less money
Keynesian economics is free market
takes a broader view of the economy
takes a broader view of the economy
Keynesian is a term which refers to a type of economics. To find a book about Keynesian economics, one could look at their local book store or at online book sites such as Barnes and Noble.
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pros: goodness cons: badness