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keynesianism
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NeoClassical vs Monetary Economics
I'm getting a bit confused here but I thought there were two main schools of economics : NeoClassical Consensus: developed by Adam Smith and where the market is free from the government. Also known as economic liberalism? Keynesianism: developed by John Maynard Keynes and where the goverment...- ronki23
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- keynesianism macroeconomics microeconomics monetarism neoclassical neoclassical synthesis
- Replies: 7
- Forum: The Material World
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Can we combine Keynesianism with Trickle Down economics?
Keynesianism is the theory that the government has a role in the economy and the economy can be stimulated via spending. Franklin Roosevelt is an example Trickle down theory says if we cut taxes for the 'rich' then they money they save by not being taxed can be spent; when a person or business...- ronki23
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- economics economy keynesianism neoclassical synthesis trickle down
- Replies: 9
- Forum: General Discussion
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Socialism is great for poor countries, Capitalism is great for rich countries
Countries like China, India and Sub Suharan Africa would benefit greatly from wealth distribution and income equality. Once they can stand on their own two feet then we can use capitalism. At what point does a poor country become a rich country?- ronki23
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- capitalism coldwar communism economics keynesianism marxism neoclassical
- Replies: 17
- Forum: The Political World