Here is the synopsis of our sample research paper on An Overview of Keynesian Economics. Have the paper e-mailed to you 24/7/365.
Essay / Research Paper Abstract
This 3 page paper provides information on economics as provided by John Maynard Keynes. His ideas are discussed in context of contemporary society as well as in terms of theory. Bibliography lists 4 sources.
Page Count:
3 pages (~225 words per page)
File: RT13_SA552Key.rtf
Buy This Term Paper »
Unformatted sample text from the term paper:
(2001) writes: "According to Keynes, government was needed to save laissez-faire capitalism" (p.46). John Maynard Keynes did place value on governments role, and this is not like all economists. Of
course, not everyone agrees. There are in fact different camps, but Keynes manages to create insightful ideas and theories that have lasted for decades. Keynesian economics certainly does have competition,
but it is in and of itself something that is quite significant in the field of economics and worth exploring. Who was John Maynard Keynes and what did he contribute?
Keynes was an English economist who rejected the larger part of neoclassical economics (McLeish, 1993). He asserted that economies could be in equilibrium even at less than full employment
but it was actually their obligation to create taxing and spending policies and to take a proactive role in increasing employment (McLeish, 1993). In other words, government did have an
important role in the economy. Government had to make policy conducive to growth in order for the economy to do well. For example, a politician may decide to decrease taxes
on big business. Some people frown on that idea, suggesting that businesses should pay a lot of tax in order to help the less fortunate. However, economists like Keynes realize
that government policy can encourage growth in business or discourage it. Heavy taxation discourages growth in the economy. In his time, Keynes was a major influence and many governments followed
his ideology (McLeish, 1993). Many still do to this day. In fact, in recent times, one sees calls for the government to help the economy by extending unemployment and lowering
taxes to stimulate the economy. It is important to point out that while Keynes took the view that government policies could mitigate against cyclical downturns, he did not believe that
...