Here is the synopsis of our sample research paper on Keynesian Economics. Have the paper e-mailed to you 24/7/365.
Essay / Research Paper Abstract
This 6 page paper provides an overview of the theories of Maynard Keynes. The format is based on questions posed by a student and also includes a look at the Manchester school as a comparison. Bibliography lists 7 sources.
Page Count:
6 pages (~225 words per page)
File: RT13_SA320Key.rtf
Buy This Term Paper »
Unformatted sample text from the term paper:
the thinking was radical. Hence, the economist classified old school economics as being equated with habitual modes of thought. In fact, the habitual modes of thought in Keynes Introduction
to the work had to do with the fact that people, and economists in particular, were set in a particular way. They would think in a certain way and
make recommendations accordingly. Keynes thought differently and so represented an escape from traditional economics. In the introductory section of his work called The General Theory of Employment, Interest and
Money, Keynes (1939) reiterated the general thinking of the day. Keynes (1939) explains that left to regulate itself, the economy should remain in check and avoid radical changes in
productivity according to orthodox economists. He plays devils advocate and says: "How then do we explain terrible recessions such as the Great Depression, where unemployment figures were seen as high
as 25% with still more underemployed and working far below their experience and capability? Shouldnt the system have corrected itself before such dire circumstances were created?" (1939, p.PG). He makes
a keen observation to demonstrate his point. He then goes on to say that other economists explain that workers are unwilling to accept lower wages during times of decline, and
quit their jobs (1939). This jeopardizes the beautifully constructed, but admittedly fragile, classical theory of economics (1939). Keynes becomes sarcastic and suggests that next the economists will be claiming
social Darwinism (1939). The gist of the argument as waged by Keynes is that classic economics as it was at the time was simply wrong. The introduction to his book
suggests that the book will break the habitual mode of thought which is essentially the general consensus. Keynes is different. Coddington (1976) characterizes Keyness observations as an attack on the
...