The Keynesian school primarily benefited workers and consumers by advocating for government intervention in the economy to promote full employment and stabilize economic cycles. It emphasized the importance of aggregate demand, suggesting that increased government spending could stimulate economic growth during downturns. Additionally, Keynesian policies often led to stronger social safety nets and welfare programs, providing support for vulnerable populations during economic crises. Overall, it aimed to create a more equitable economic system and reduce the harsh impacts of economic fluctuations.
New Keynesians account for time in their models
Keynesian theory
Keynesian economics.
mr gwilem Jones infented school
the classical believe the economy is best left to itself whereas the keynesian argued that government intervention could improve economic performance
New Keynesians account for time in their models
Keynesian theory
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
mr gwilem Jones infented school
limitation of keynesian theory??
the classical believe the economy is best left to itself whereas the keynesian argued that government intervention could improve economic performance
The school will benefit by getting more school funds and Bella will benefit by learning and of course meeting Edward.
Keynesian economics
Peter K. Fleissner has written: 'The nuel' 'Stability in neo-classical and neo-Keynesian growth models' -- subject(s): Economic development, Keynesian economics, Mathematical models, Neoclassical school of economics
Keynesian economics is free market
Keynesians say that government should interven in economic activities where as classical say not too