Question

Marx and Keynes

a.         both understood the problem of too little spending in the market economy and proposed the same remedy.

b.         both understood the problem of too little production in the market economy and proposed the same remedy.

c.         both understood the problem of too little spending but saw very different remedies/end results.

d.         both understood the problem of too little production but saw very different remedies/end results.

Answer 1

Theories and thought as propounded by the Keynes and Marx shows that even though their economic thoughts are quite different, they both believe that economic problem tends to arise when spending in economy is too little.

However, to deal with such situation, the solution or remedies provided by two is quite different.

So,

It can be stated that both Marx and Keynes understood the problem of too little spending but saw very different remedies/end results.

Hence, the correct answer is the option (c).