Question

Keynesians believe in a more managed economy, does this mean they don’t believe in capitalism?

Keynesians believe in a more managed economy, does this mean they don’t believe in capitalism?

Business   Economics   
0 0
Add a commentTranscribed image text
Next >

Homework Answers

Answer #1

Keynesian believed in managed economy which sees government role also as critical to avoid market failure and hence support sustained economic growth that doesn't mean that Keynesian doesn't believe in capitalism instead it believed in capitalism but also believed that extreme case of capitalism will also be detrimental for the society in general and lead way to socialism as extreme capitalism will lead to power in hand of selected few or it believes in monopoly which is not good, hence Keynesian eventhough believe in capitalism but at the same time believes that in extreme form it is dangerous and should be checked in time to time in which government plays an important role.

0 0
Know the answer?
Your Answer:

Post as a guest

Your Name:

What's your source?

Earn Coins

Coins can be redeemed for fabulous gifts.

Log In

Sign Up

Not the answer you're looking for?
Ask your own homework help question
Similar Questions
Many believe that capitalism or free market economy is the only way to develop societies. What...
Many believe that capitalism or free market economy is the only way to develop societies. What happens when free market economy fails to address or take care of individual or social needs? Using examples from your readings, demonstrate how this problem has been dealt with in US history.
What does it mean, that certain countries have their currencies subject to managed floating international exchange...
What does it mean, that certain countries have their currencies subject to managed floating international exchange rate?
As an economy develops and becomes more integrated into the world economy how do its costs...
As an economy develops and becomes more integrated into the world economy how do its costs of production change and how well can they be managed both in the short-run and long-run?
Paul Mueller (Links to an external site.)Links to an external site. June 30, 2017 Capitalism is...
Paul Mueller (Links to an external site.)Links to an external site. June 30, 2017 Capitalism is a divisive and misunderstood term—exceeded in its misapprehension only, perhaps, by socialism. While support for socialism has had a resurgence owing to the last election, capitalism still hangs under the dark cloud of notoriety given to it by the coiner of the term, Karl Marx. Writing in the heat and filth of Britain’s industrial revolution, Marx observed massive changes in society—and massive suffering. He...
Read This before You Ever Debate "Capitalism" Again Paul Mueller (Links to an external site.)Links to...
Read This before You Ever Debate "Capitalism" Again Paul Mueller (Links to an external site.)Links to an external site. June 30, 2017 Capitalism is a divisive and misunderstood term—exceeded in its misapprehension only, perhaps, by socialism. While support for socialism has had a resurgence owing to the last election, capitalism still hangs under the dark cloud of notoriety given to it by the coiner of the term, Karl Marx. Writing in the heat and filth of Britain’s industrial revolution, Marx...
According to our reading, what does the term Command Economy mean? Multiple Choice A. It refers...
According to our reading, what does the term Command Economy mean? Multiple Choice A. It refers to a situation where a few people in government are directing the entire economy. B. It refers to the CEOs, venture capitalists, and senior management. In other words it's referring to those who have the power to make business decisions. C. None of the above. D. It refers to the fact that people have more economic power versus the government.
Do you believe ethical leaders are more successful? Why?  ________________________________________________________________________ __________________________________________________________________________________________________________________
Do you believe ethical leaders are more successful? Why?  ________________________________________________________________________ ________________________________________________________________________________________________________________________________________________________________________________________________________________________ Does assigning someone to be the ‘Devil’s Advocate’ on a project help or hurt?  ________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________ Does the size of a group impact it’s effectiveness or not?  ________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________
1a. What does Frederick Taylor mean by the Principle of motion economy in his Scientific Management...
1a. What does Frederick Taylor mean by the Principle of motion economy in his Scientific Management theory and what does it involve? 1b. Illustrate with examples the essential differences between Efficiency and Effectiveness as management tools. Please Give Detailed explanations*** The subject is Principles of Management.
What does it mean if my cat suddenly starts hiding more than usual?
What does it mean if my cat suddenly starts hiding more than usual?
What makes it difficult for an individual investor to beat the market? Does this mean that...
What makes it difficult for an individual investor to beat the market? Does this mean that investors don’t earn returns on their stock market investments?
ADVERTISEMENT
Need Online Homework Help?

Get Answers For Free
Most questions answered within 1 hours.

Ask a Question
ADVERTISEMENT