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Essay / Research Paper Abstract
This 5 page paper discusses the post bubble years and whether Keynes or Hayek/Freeman approaches would work best in the ecnomic climate. Also discussed is China's stockmarket and the outlook in this area. Bibliography lists 3 sources.
Page Count:
5 pages (~225 words per page)
File: D0_MBbubble.rtf
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Unformatted sample text from the term paper:
the 1990s. However, after the economic ride is over (after the bubble), there is always, like a force of nature, an equal and, sometimes, opposite reaction...called, post-bubble. Fully into the
post-bubble market, the United States now finds itself scratching its head and wondering what approach might remedy the ensuing downturn of the markets. Some camps claim that a return to
Keynes is the only way to right the economic boat while others argue that Hayek/Freeman is the only way to insure that there is less corporate misbehavior without a sacrificing
of economic activities. With the onset of such scandals as Enron and World.com corporations investor confidence has been shattered which has not aided the economys downturn. Consumer spending, which
bolsters the economy and serves as the foundation upon which everything builds is suffering as well. Jobs are difficult to obtain and hold, while the average wage earner is deeply
in debt. Pensions are in jeopardy and many are threatened. Additionally, to set the scene, the US finds itself in an economic hand basket in the midst of international
economic crisis as well. Latin America, alone, has had to be bolstered by US loans while the Southeast Asian economies have also suffered losses(Hoyle 2003). There is no hope of
aid coming from anywhere outside of the United States. To that end, then, does one turn to Keynes, whose policy calls for a rigid return to structure and old school?
Or does one turn toward a more modern offering in the hopes that its procedures might take hold? After a careful analysis, one has to state that, old as it
is, Keynes theories still seem applicable to todays economy and may be THE only solution. In the past, Keynes was used to plug the leaks, so to speak. The management
...