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Keynes’ remedy is predicated upon the unstated assumption that there is ample capital in private hands to be invested once the propensity to consume has been invigorated.
Alexander Revinskyje citiraoprije 9 godina
As was said earlier, Keynes’ solution to a capitalist recession was to reinvigorate the economy with government expenditure.
Alexander Revinskyje citiraoprije 9 godina
The Credit Crunch is the result of the combined effect of two inter-related but separate trends: on one hand, the pressure on the rate of profit to fall and, on the other hand, the incessant accumulation of capital.