Keynes was an English economist whose radical ideas had a huge impact on modern economics and political theory. He was particularly influential as a proponent of government intervention policies, by which the government can use fiscal and monetary policies to mitigate the effects of targeted economic recession, boom, and bust. Many consider him the founder of modern macroeconomics.
Our experts can help you understand, analyze and apply in your research Keynes’s General Theory, which offered alternative macroeconomic theory, a new set of theoretical views for observing the impact of economic policies and external shocks. Keynesian economics combined the concept of aggregate demand and the theory of aggregate supply. His observation that modern market economy can fall into the trap of balance with unemployment, supply and demand, where production is much lower than potential production, and that, using monetary and fiscal policies, countries can boost the economy and help to maintain high levels of production and employment, were revolutionary.
Our experts can also help you branch out into Neokeynesian economics, followers of Keynes, who maintain that the modern state must take care of not only solving the problem of unemployment, but also about containing inflation, especially stagflation. Trust the experts at Homework Help Australia, get a quote now.
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