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Vor 4 Tagen · These scars, financial and psychological, gave rise to what John Maynard Keynes called the “paradox of thrift” — the paradox being that an individually virtuous act (greater saving) was ...
Vor einem Tag · Es scheint, als wäre der »schwere Anfall von wirtschaftlichem Pessimismus«, den John-Maynard Keynes Ende der 1920er Jahre diagnostizierte, immer noch nicht überwunden. Keynes ging davon aus, dass bei konstantem Bevölkerungswachstum und moderater Produktivitätssteigerung der Lebensstandard so steigen würde, dass die Gesellschaft in ...
Vor einem Tag · Noticing this pattern, economist John Maynard Keynes was the first to question this traditional wisdom, arguing that fiscal policy should be “countercyclical”. According to Keynes, when ...
Vor 5 Tagen · Economist John Maynard Keynes suggested that fiscal policy should be used “countercyclically.” In his view, the government should use its influence to offset the economic extremes of expansion and contraction, inflation and recession, or booms and busts.
Vor 4 Tagen · Overview. In John Maynard Keynes' theory, some micro-level actions of individuals and firms – if taken collectively – can lead to aggregate macroeconomic outcomes in which the economy operates below its potential output and growth. Such a situation had previously been referred to by classical economists as a general glut.
- Keynes and Classical Economics
Vor 2 Tagen · "Economic Possibilities for our Grandchildren," by John Maynard Keynes. 1930. "Keynes, Savings, and the Jews," by Russ Roberts. Cafe Hayek, Sep. 2012. John Maynard Keynes. Biography. Concise Encyclopedia of Economics. A few more readings and background resources: Bruce Yandle podcast episodes on EconTalk. Bruce Yandle on Bootleggers and ...
Vor 3 Tagen · In general, early macro-economists believed that monetary factors would not have an impact on factors such as real output. During the Great Depression of the 1930s, the English mathematician John Maynard Keynes challenged this view, and his theories fundamentally changed mainstream macroeconomics theory and practice. The neoclassic ...
