Summary of Points
Notes
- A british economist
- Governments should spend their way out of depression
- Borrow money to be repaid after the economy recovers
- Deficit financing
- Projects should be of value to the country
- Went against adam smith's theories
- USA, Japan and Hitler's Germany all use this with success.
Subjunctive Question
Had Keynesian economics not been adopted, how would the States have come out of the Depression?
Qoutes
The difficulty lies not so much in developing new ideas as in escaping from old ones. - John Maynard keynes
Website, Video and Audio links
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https://www.google.com/url?sa=t&rct=j&q=&esrc=s&source=web&cd=2&cad=rja&uact=8&ved=0CCsQFjAB&url=http%3A%2F%2Fwww.econlib.org%2Flibrary%2FEnc%2Fbios%2FKeynes.html&ei=lC5JVMmMFsKNyASEt4CQCg&usg=AFQjCNFFPLdWfa_Xbk53CVr7lpCmmrgpCw&sig2=eWU8qWlA3CIzwq9YdfybDg
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Comics
Alphabet soup
http://books.google.ca/books?id=xpw-96rynOcC&printsec=frontcover&dq=john+maynard+keynes&hl=en&sa=X&ei=Qi9JVKCyK5KmyAT5toKQBA&redir_esc=y#v=onepage&q=john%20maynard%20keynes&f=false