An Intro to Keynes’s The General Theory of Employment, Interest and Money - A Macat Economics Video

Level: beginner

Macat, 2015
Perspective: Post-Keynesian Economics
Topic: introductory courses
Format: Short Film
Duration: 00:03:04
Link: https://www.youtube.com/watch?v=RqihKq7F_xI&index=99&list=PLRXstY5OaIwdnSWkTtomhEF2SoD66shVs
Keynes' theory of aggregate demand and market disequilibrium is sketched out and illustrated. The case for activist government intervention is subsequently explained.
Tags: activism | aggregate demand | classical economics | downward cycle | employment | unemployment | wage ratio
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