Applications And Adaptations Of Keynesian Thought
Applications and Adaptations of Keynesian ThOUGHT
Jim Sanderson
Fall 2006Applications and Adaptations of Keynesian ThOUGHT
Tim Gunderson
Applied Managerial Economics
Fall 2006
Introduction
John Maynard Keynes' General Theory of Employment, Interest and Money was perhaps the leading tenet of modern capitalist economic thought in the twenty-first century. Ubiquitous in modern Western economies, reviled by Marxists and the opponents of big government alike, Keynes' theories have become a main pillar of macroeconomics and as a result, Keynesian economics has had a profound effect on monetary policy in the Western world.
This paper provides a brief overview of how Keynesian thought and economics have affected policy and become fundamental tenets of macroeconomics. I will present the formative events and applications of Keynes's theories in chronological order, starting at the end of World War I and finishing at the present day. I will discuss how Keynes' theories have been......
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Approximate Word Count: 2328
Approximate Pages: 10 (250 words per double-spaced page)
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