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Economy: left or right(Chinese Edition)


ISBN 10: 7506048353 / ISBN 13: 9787506048354
Nuevos Condición: New Encuadernación de tapa blanda
Librería: liu xing (JiangSu, JS, China)

Librería en AbeBooks desde: 7 de abril de 2009

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Paperback Pages Number: 173 Language: English Publisher: Orient Press. Classical economics has already been explained in certain circumstances. the use of market allocation of goods is the best way that a society can expect. However. the Great Depression of the 1930s forever changed this view. We have to conclude that: classical economics point of view does not apply to the real economy. The Great Depression forced Keynes developed an alternative theory. Keynes thought the government should b. N° de ref. de la librería NB4160

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Título: Economy: left or right(Chinese Edition)

Encuadernación: paperback

Condición del libro:New

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"Economy left or right" Content brief introduction: write to all the ordinary people in the world, told a global topic of common concern: how the economy to run. To prove that the abandonment between Hayek and Cairns can save the world. Classical economics has illustrated that in some specific contexts, the use of the market for the distribution of goods is the best way a society can expect. However, the Great Depression of the 1930s has forever changed this view. We have to conclude that the classical economic view does not apply to the real economy. The Great Depression forced Cairns to develop an alternative theory. Keynes believes that the government should borrow and buy goods and services from private enterprises. Large-scale expansion of early fiscal spending in World War II led to a rebound in the economy. But the deficit after the war was proved to have failed to push the unemployment rate down, but only pushed up the price level. With the curtain of Keynesian economics, the rise of classical economics, a new theory of natural unemployment rate was born. In the 1970s when the stagflation appeared, rational expectation of economics revived the classical economic thought. The 2008 financial crisis has sounded the death knell of the rational expectation school. The author argues that we should model the Keynesian approach by using the fruitful new analytical method of rational expectation revolution. The author combines classical economics with the Keynesian view, explaining the staggering of the 1930s, the stagflation of the 1970s, and the financial crisis of 2008 in a unified way. By observing these events from a new perspective, the author gives a new solution to bring us out of the crisis.

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