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- W2376014503 abstract "Basing on the analysis of Prof's voluntary and frictional unemployment,John Maynard Keynes raised his theory of involuntary unemployment in general theory of interest and money,that there is serious economic crisis and in capitalist society.Meanwhile,Keynes thinks that effective is the key factor which decides the total of the society.He denies the say's law of markets that supply creates its own demand,but thinks that demand creates its own supply.Effective decides the and income;unemployment is caused by deficient effective demand,and deficient effective is caused by deficient consumer and investment demand.Three basic psychological factors cause the deficient consumer and investment demand: marginal propensity to consume,marginal efficiency of capital,and liquidity preference.Keynes's opinion is that state government should interfere in economy and stimulate the effective demand,so that full employment can be achieved.This kind of interfere has multiplier effects,which can double the and income." @default.
- W2376014503 created "2016-06-24" @default.
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- W2376014503 date "2008-01-01" @default.
- W2376014503 modified "2023-10-03" @default.
- W2376014503 title "The Comprehensive Statement of Keynes's General Theory of Employment" @default.
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