Titlebook: Why Reaganomics and Keynesian Economics Failed; James E. Sawyer Book 1987 James E. Sawyer 1987 economics.John Maynard Keynes.Keynes.Keynes

FAULT

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Maximizer

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刺耳的聲音

https://doi.org/10.1007/978-1-349-09497-4economics; John Maynard Keynes; Keynes; Keynesian economics

宏偉

Morbid

intangibility

Unexplained Problemseynesian policies of the Johnson, Nixon, Ford and Carter administrations. But the supply-side prescription for economic success has created many unexplained consequences for the American public, and these do not appear to be compatible with the success claims being made by Reaganomics advocates.

Stress

Profit Lacunaatic method. In equilibrium, all opposing forces in a system are cancelled out. Without a change in some system parameter, we would expect the status quo to prevail in perpetuity. In economics, there are only two cases in which saving and investment equality may remain constant over time. Both are steady states.

FOR

arabesque

What Is the Legitimate Role of Government?, according to Keynes, are ‘a(chǎn) game of Snap, of Old Maid, of Musical Chairs — a pastime in which he is victor who says snap neither too soon nor too late, who passes the Old Maid to his neighbor before the game is over, who secures a chair for himself when the music stops’.

Congregate