Sunday, March 13, 2022

The political theory of John Meynard Keynes

The Political Theory of John Maynard Keynes.


 

  1. What are the three explanations for unemployment 

given by Classical Economics?

  1. How does the “free market” establish an equilibrium 

between the supply of labor and the demand of labor? 

  1. What is the historical context of Keynes’ theory? Is there 

something new that Classical Economics cannot explain?

  1. What is the real reason for unemployment, according to 

Keynes?

  1. How will the demand for goods recover, according to 

classical theory?

  1. (And, according to Keynes?)

  2. How must the State react to an economic crisis?

  3. Explain the “Multiplier Effect”. 

  4. Explain, briefly, the neo-liberal critique of Keynes’ 

theory (Friedman, Hayek).  



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