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I'm not sure if I'm misunderstanding you. The business cycle is inherent to market economies and Keynesian economics are both a way to do analysis and a set cou

by dimitar 14y ago

I'm not sure if I'm misunderstanding you. The business cycle is inherent to market economies and Keynesian economics are both a way to do analysis and a set counter-cyclical fiscal and monetary measures.

muyuu 14y ago
You must be misunderstanding me. There is no dichotomy between market economy and Keynesian economy (which is a market economy). Quantitative easing, fractional reserve and stimulus measures are all forms of intervention creating artificial cycles that wouldn't exist otherwise. Austrian school economics (if that's what you mean by market economy) don't advocate for any sort of counter-cyclical measures.