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Essay heading: keynes essay
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American History |
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| Date added: |
October 11, 2005 |
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4 / 1077 |
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0 times |
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Essay content:
?Treatise' had many flaws, and stimulated a lot of criticism, as he yet again did not fully explain his theories.
Nevertheless, this book did convey the some of the basics of his new theory. The book seemed to concentrate on savings and investment as Says Law said that both savings and investment had to be equal but Keynes argued against it by saying that if more people saved than invested then economic activity would decrease and if more people invested than saved then economic activity would increase... displayed 300 characters
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The book seemed to concentrate on savings and investment as Says Law said that both savings and investment had to be equal but Keynes argued against it by saying that if more people saved than invested then economic activity would decrease and if more people invested than saved then economic activity would increase... displayed next 300 characters
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