4 ms·
I haven't read the original book, but from what I can tell from this article, at least part of the general theory is about explaining why there is less than ful
by roundsquare 17y ago
I haven't read the original book, but from what I can tell from this article, at least part of the general theory is about explaining why there is less than full employment and income inequality. As far as I can tell, you are calling the entire theory crap based the author's desire to create full employment and income equality. I'm not sure Keynes wanted governments to try for this or not, but at there seems to be at least two separate parts of the theory to evaluate.
- nazgulnarsil 17y agocreating full employment or income equality would be INCREDIBLY stupid. any country that attempts to do so will be throwing money into a giant hole until they stop or go bankrupt. http://www.paulgraham.com/gap.html http://www.paulgraham.com/gap.html http://en.wikipedia.org/wiki/Marginal_utility http://en.wikipedia.org/wiki/Marginal_utility