Critique On Keynes Rami Jaloudi History of Economic Thought: seek Report # 3 For Sarah Hudson The writer begins with an introduction in which it is enunciate that the schools of thought were contradictory in their theories. What should have been answered is how and from what perspective: Neo-classical or Keynesian? The main points of her paper are the following: "Neo-classicists, much(prenominal) as Friedman, hold that the U.S. failed to provide liquidity to its banks," which caused the great stamp; if the validation does non intervene, the economy would then head towards full employment.
Keynesian econom ists, on the other hand, look at that the government should intervene actively through means of fiscal and monetary insurance to elevate full employment and economic growth (with scathe stability). Moreover, they believe that the cause of the Great belief was due to the government not intervening as they should have. The writer assumes that the Great Depression could have...If you desire to get a full essay, order it on our website:
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