Keynes Essay
Word count: 1,061
How did Keynes's idea of the reasons for the macro-economic instability
challenge the prevailing economic orthodoxy?
After 100 years of the industrialization era modern economics began to see a change and shift of ideas. These ideas were brought to the front by John Maynard Keynes, who in 1936 transformed much of the modern economics by a single book The General Theory of Employment, Interest and Money. Keynes also wrote other titles as well as A Tract on Monetary Reform (1923)' which was an attempt to secure a monetary policy instead of the gold standard.
Keynes (2002) believed that the stable economy of Britain was more desirable than the stable value of the pound on the foreign exchange. He argued against going back to the gold standards because he said it would effect British exports, as well as Britain's economy adversely, and so to publish his ideas Keynes......
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Approximate Word Count: 1166
Approximate Pages: 5 (250 words per double-spaced page)
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