Keynesian Policy, Monetary Policy, and the Weakening of Competition
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In this chapter, we will look in more detail at John Maynard Keynes’s doctrines, which form the theoretical base for the Economic Management School. We shall see that, while Keynesian policies can stimulate the economy relatively quickly, in the long run they can cause serious damage.
KeywordsInterest Rate Machine Tool Monetary Policy Capital Stock Steel Industry
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