Abstract
The enigma of economic crises can be reduced to the fundamental question: Why do people buy less? Because their desire to buy grows less or because there is less to buy? The former version dominates not only today but during all the history of economic science.
It is absurd to explain the current recession by deficient aggregate demand.
Kates (2011)
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© 2014 Volodymyr Ryaboshlyk
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Ryaboshlyk, V. (2014). Demando-Mania: Keynes and Demand-Deficient Versions of Crisis. In: Crisis and Embodied Innovations. Palgrave Macmillan, London. https://doi.org/10.1057/9781137477071_11
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DOI: https://doi.org/10.1057/9781137477071_11
Publisher Name: Palgrave Macmillan, London
Print ISBN: 978-1-349-50207-3
Online ISBN: 978-1-137-47707-1
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