What were the main contributions of John Maynard Keynes to economic theory?
Describes the causes and ways to overcome the crisis of the 1930s.
Crit...
What were the main contributions of John Maynard Keynes to economic theory? Describes the causes and ways to overcome the crisis of the 1930s. Critiques the assumption of absolute economic rationality and individualism. Justifies state intervention against the free market. Proposes the idea that the value of a commodity is determined by the labor employed in producing it.
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