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To: karpov

The central belief of Keynesian economics is that government intervention can stabilize the economy.

Many economists have criticized Keynes’ approach. They argue that businesses responding to economic incentives will tend to return the economy to a state of equilibrium unless the government prevents them from doing so by interfering with prices and wages, and making it appear as though the market is self-regulating.


3 posted on 08/15/2024 6:55:57 PM PDT by wardamneagle
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To: wardamneagle
The central belief of Keynesian economics is that government intervention can stabilize the economy. Many economists have criticized Keynes’ approach. They argue that businesses responding to economic incentives will tend to return the economy to a state of equilibrium unless the government prevents them from doing so by interfering with prices and wages, and making it appear as though the market is self-regulating.

Your post was very simple but accurate.

5 posted on 08/15/2024 11:09:42 PM PDT by cpdiii (cane cutter, deckhand, oilfield roughneck, drilling fluid tech, geologist, pilot, pharmacist ,MAGA)
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