keynes general theory custom essays (1 essays)

A) Critically Evaluate Keynes` General Theory. (b) Compare And Contrast The General Theory And Th...

1688 words/7 pages

However after the great depression in 1930 's and the inadequacy of the classical theory of theory not able to explain declining prices and mass unemployment with little government intervention at that time gave some economist to ask questions of the classical economic model how the economic system works . However Keynes believed the market would work better with government interventions and the market must be the major mechanism , which determines what to produce , how to produce when to produce . Page...