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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