john maynard keynes theories
John Maynard Keynes, an economist, hedge fund manager and an overall intriguing character. He is said to have been the most influential economist of the 20 th century, as Keynesian economics was the savior of the post-World War II world, from deflation and depression.
Quick Links
Unemployment, wholesale prices, wages and retail prices could an exponential dip and for a while, he even had a negative net worth. I believe it was his experience with the volatility of the markets that made his works and teachings so relevant.
A single law, passed from the inception of an idea to drafted legislation, has the potential to obliterate entire industries, entire economies, push international banks into bankruptcy, sink countries into trillions john maynard keynes theories debt, or cause stock market crashes so severe they may take vaccinations cause autism and funds years and years to recover from.
Because economics is a social science, there are no right answers, john maynard keynes theories is only data to assimilate. The best of the best policies might fail because the economists failed to take into account a few factors — that is why personal experience is so important in the acquisition and assimilation of knowledge. Had Keynes not experienced both bullish and bearish market phases, he might never have conceived the theories that teach us that the government is the main entity in turning around the markets, that managed currency and a stable standard value were two of the most important factors that determine whether a country sinks into crushing unemployment and negative growth or prosperity and higher GDP rates.
Keynes’ Theories
jonn Keynes was a financial genius, as he observed the market in both of its most extreme phases, and came to the conclusions that we take for granted as a part of our economics textbooks today, but were shocking discoveries in the economic paradigm of the 20 th century. He realized what was occurring in the markets, that private investment and savings did not play as important a role as the world thought it did, so he set about to revolutionize the entire theory of john maynard keynes theories as we know it. Due to his personal exploits within the markets, he was able to gain a true and real understanding of the subject of economics, which saved his own country from deflation and depression.
Your email address will not be published. Save my name, email, and website in this browser for the next time I comment.
Close Menu About. Leave a Reply Cancel reply Your email address will not be published.]
Thanks for a lovely society.
I think, that you are not right. I am assured. Let's discuss. Write to me in PM.
Full bad taste
Very useful phrase