Wednesday, June 6, 2018

General Theory of Employment, Interest, and Money


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Classical economics shows that the market economy will self-correct during a recession or depression and tend to be full of employment and output. However, the British economist John Maynard Keynes disagreed. In the 1936 seminal study, Keynes's "General Theory" thought that traditional economics misunderstood the causes of unemployment


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Orignal From: General Theory of Employment, Interest, and Money

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