The Aggregate Theory Summarised
Out of [the complete collapse of the market economy in the thirties] emerged what has become known as the Keynesian revolution. After the war, Keynes became orthodox in his turn. Unfortunately, the Keynesian orthodoxy, as it became established, left out the point ... Consider what was the point of the Keynesian revolution on the plane of theory and on the plane of policy. On the plane of theory, the main point of the General Theory was to break out of the cocoon of equilibrium and consider the nature of life lived in time — the difference between yesterday and tomorrow. Here and now, the past is irrevocable and the future is unknown.
KeywordsCompetitive Ratio International Investment Capital Control Investment Income Focus Country
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