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Was John Keynes ideas more like a mixed economy or a communist?
Just tell me short and sweet. I no what he believed but I cant tell if it is more to a communist or mixed perspective.
7 Answers
- 1 decade agoFavorite Answer
mixed.....but they won't take hold here because Reagen destroyed Keynesian beliefs with his damned reagenomics.
- Anonymous1 decade ago
Keynes idea that spending runs the bussiness world is niether. The idea that he put forward was that a bussiness does not hire people to make more product till there is an increase in the call for that product, and that they lay off worker as the demand drops. As seen in the GM plants. He stated that the government could get the ball rolling by putting people back to work at what ever job. Once you are working and have income you pay taxes and buy thing demand increases and more people go to work till the government jobs can be slowly removed.
This is common sense if you are not working all the taxes cuts in the world will not help you have no income so no taxes. In the end you really need an income to pay taxes on and the higher the income the better.
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- Anonymous1 decade ago
this is my last answer on YA. thanks for everything you all and for listening to me. Have a great one! Continue eating spaghetti as always, keep it rollin and bye. I may return one day. Its been a good ride thus far. bye bye
- Seldon SurakLv 61 decade ago
I don't know.
I never take people seriously when their middle name is Maynard.
- Anonymous1 decade ago
like fdr or europe