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Free research papers and essays on topics related to: keynesian economics

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  • Keynesian Economics - 1,668 words
    Keynesian Economics Macroeconomics, branch of economics concerned with the aggregate, or overall, economy. Macroeconomics deals with economic factors such as total national output and income, unemployment, balance of payments, and the rate of inflation. It is distinct from microeconomics, which is the study of the composition of output such as the supply and demand for individual goods and services, the way they are traded in markets, and the pattern of their relative prices. At the basis of macroeconomics is an understanding of what constitutes national output, or national income, and the related concept of gross national product (GNP). The GNP is the total value of goods and services produ ...
    Related: economic activity, economic forecasting, economic growth, economics, keynesian, keynesian economics
  • Two Controversial Economic Policies Are Keynesian Economics - 499 words
    Two controversial economic policies are Keynesian economics and Supply Side economics. They represent opposite sides of the economic policy spectrum and were introduced at opposite ends of the 20th century, yet still are the most famous for their effects on the economy of the United States when they were used. The founder of Keynesian economic theory was John Maynard Keynes. He made many great accomplishments during his time and probably his greatest was what he did for America in its hour of need. During the 1920's, the U.S. experienced a stock market crash of enormous proportions which crippled the economy for years. Keynes knew that to recover as soon as possible, the government had to in ...
    Related: controversial, economic policy, economic theory, economics, keynesian, keynesian economics, supply side economics
  • Spending Financed Not By Current Tax Receipts, But By - 1,531 words
    "Spending financed not by current tax receipts, but by borrowing or drawing upon past tax reserves." , Is it a good idea? Why does the U.S. run a deficit? Since 1980 the deficit has grown enormously. Some say its a bad thing, and predict impending doom, others say it is a safe and stable necessity to maintain a healthy economy. When the U.S. government came into existence and for about a 150 years thereafter the government managed to keep a balanced budget. The only times a budget deficit existed during these first 150 years were in times of war or other catastrophic events. The Government, for instance, generated deficits during the War of 1812, the recession of 1837, the Civil War, the dep ...
    Related: current state, current status, defense spending, federal spending, spending
  • Americas Great Depression - 1,607 words
    America's Great Depression America's Great Depression by Chima Lonstone The Great Depression is probably one of the most misunderstood events in American history. It is routinely cited, as proof that unregulated capitalism is not the best in the world, and that only a massive welfare state, huge amounts of economic regulation, and other Interventions can save capitalism from itself. Among the many myths surrounding the Great Depression are that Herbert Hoover was a laissez faire president and that FDR brought us out of the depression. What caused the Great Depression? To get a handle on that, it's necessary to look at previous depressions and compare. The Great Depression was by no means the ...
    Related: americas, great depression, interest rate, minimum wage, clearing
  • Deficit Spending - 1,533 words
    Deficit Spending "Spending financed not by current tax receipts, but by borrowing or drawing upon past tax reserves." , Is it a good idea? Why does the U.S. run a deficit? Since 1980 the deficit has grown enormously. Some say its a bad thing, and predict impending doom, others say it is a safe and stable necessity to maintain a healthy economy. When the U.S. government came into existence and for about a 150 years thereafter the government managed to keep a balanced budget. The only times a budget deficit existed during these first 150 years were in times of war or other catastrophic events. The Government, for instance, generated deficits during the War of 1812, the recession of 1837, the C ...
    Related: budget deficit, defense spending, deficit, federal spending, spending
  • Free Market Defense - 1,124 words
    Free Market Defense Ludwig von Mises: Defender of the Free Market Ludwig von Misis thoughts on human behavior, socialism, and money and credit have had a major impact on economic thought. He championed true free markets and is seen as a defender of liberty. Former President of the United States Ronald Reagan said "Ludwig von Mises was one of the greatest economic thinkers in the history of Western Civilization. Through his seminal works, he rekindled the flames of liberty. As a wise and kindly mentor, he encourages all who sought to understand the meaning of freedom. We owe him an incalculable debt"(Mises Institute). The remainder of this paper will outline the life of Ludwig von Mises. This ...
    Related: free market, market, factors influencing, international studies, science
  • Laissezfaire Economy - 862 words
    Laissez-faire Economy Concept of the Invisible Hand in a Laissez-faire economy "By preferring the support of domestic to that of foreign industry, he intends only his own security; and by directing that industry in such a manner as its produce may be of the greatest value, he intends only his own gain, and he is in this, as in many other cases, led by an invisible hand to promote an end which was no part of it." Adam Smith, Inquiry into the Nature and Causes of the Wealth of Nations 1776. What business does a government have in commerce and trade? Why would a government want to interfere between two countries benefiting from each other by trade? What right does the government have in two ind ...
    Related: economy, market economy, political economy, government intervention, wealth of nations
  • The Fall Of The Liberal Consensus - 1,243 words
    The Fall Of The Liberal Consensus The Fall of the Liberal Consensus Looking at the United States in 1965, it would seem that the future of the liberal consensus was well entrenched. The anti-war movement was in full swing, civil rights were moving forward, and Johnson's Great Society was working to alleviate the plight of the poor in America. Yet, by 1968 the liberal consensus had fallen apart, which led to the triumph of conservatism with the election of President Reagan in 1980. The question must be posed, how in the course of 15 years did liberal consensus fall apart and conservatism rise to the forefront? What were the decisive factors that caused the fracturing of what seemed to be such ...
    Related: consensus, fall apart, liberal, united states economy, president johnson
  • Us Budget Deficit Good Or Bad - 1,539 words
    U.S. Budget Deficit - Good or Bad? "Spending financed not by current tax receipts, but by borrowing or drawing upon past tax reserves." , Is it a good idea? Why does the U.S. run a deficit? Since 1980 the deficit has grown enormously. Some say its a bad thing, and predict impending doom, others say it is a safe and stable necessity to maintain a healthy economy. When the U.S. government came into existence and for about a 150 years thereafter the government managed to keep a balanced budget. The only times a budget deficit existed during these first 150 years were in times of war or other catastrophic events. The Government, for instance, generated deficits during the War of 1812, the recess ...
    Related: balanced budget, budget, budget deficit, deficit, good idea
  • Us Budget Deficit Good Or Bad - 1,539 words
    U.S. Budget Deficit - Good or Bad? Spending financed not by current tax receipts, but by borrowing or drawing upon past tax reserves. , Is it a good idea? Why does the U.S. run a deficit? Since 1980 the deficit has grown enormously. Some say its a bad thing, and predict impending doom, others say it is a safe and stable necessity to maintain a healthy economy. When the U.S. government came into existence and for about a 150 years thereafter the government managed to keep a balanced budget. The only times a budget deficit existed during these first 150 years were in times of war or other catastrophic events. The Government, for inezce, generated deficits during the War of 1812, the recession ...
    Related: balanced budget, budget, budget deficit, deficit, good idea
  • Why The Wall Street Bubble Must Burst - 1,498 words
    Why The Wall Street Bubble Must Burst? Why the Wall Street Bubble Must Burst? In 1938, and in the teeth of the longest and fiercest depression that the United States had ever known, capital spending hit an all time high. That's right! In 1938 the men who owned America began to pour millions of Dollars into new plant and equipment as if there was no tomorrow. We don't think much about it today, because it has been a long time since the United States has experienced a real bone jolting economic slowdown. The fact is, however, that the very best time for the industrialist to invest in new technologies is in the middle of a depression. This is because it is at such times that labor, raw material ...
    Related: bubble, burst, wall street, free market, economic history
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