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Essay

Applications and Adaptations of Keynesian ThOUGHT

Essay specific features

 

Issue:

Business

 

Written by:

Jeffery C

 

Date added:

November 10, 2015

 

Level:

University

 

Grade:

A

 

No of pages / words:

9 / 2374

 

Was viewed:

806 times

 

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Essay content:

Ubiquitous in modern Western economies, reviled by Marxists and the opponents of big government alike, Keynes' theories have become a main pillar of macroeconomics and as a result, Keynesian economics has had a profound effect on monetary policy in the Western world. This paper provides a brief overview of how Keynesian thought and economics have affected policy and become fundamental tenets of macroeconomics...
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I will present the formative events and applications of Keynes's theories in chronological order, starting at the end of World War I and finishing at the present day. I will discuss how Keynes' theories have been adapted to include more and more microeconomic insights as well as some of the criticisms aimed at his work The Treaty of Versailles Keynes rise to prominence began when he was selected to be a delegate at the Paris Peace Conference of 1918-1919...
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