25 Sept 1936 Jahr - Keynesian Economics

Beschreibung:

Keynes’s theory is that demand—measured as the sum of spending by households, businesses, and the government—is the most important driving force in an economy. Keynes further asserted that free markets have no self-balancing mechanisms that lead to full employment. Keynesian economists justify government intervention through public policies that aim to achieve full employment and price stability. Keynesian economics was used by FDR during his New Deal, and it assisted in helping stabilizing the economy.