History, asked by zjanerademeyer, 10 months ago

What were the ideas of John Maynard Keynes

Answers

Answered by Anonymous
1

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Keynes advocated that the best way to pull an economy out of a recession is for the government to borrow money and increase demand by infusing the economy with capital to spend. This means that Keynesian economics is a sharp contrast to laissez-faire in that it believes in government intervention.

Answered by seemadevijiji1
0

Explanation:

British economist John Maynard Keynes spearheaded a revolution in economic thinking that overturned the then-prevailing idea that free markets would automatically provide full employment—that is, that everyone who wanted a job would have one as long as workers were flexible in their wage demands

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