The Keynesian Approach of Business Cycle and Economic Crises and its Criticism
The main purpose of this article is to briefly present the Keynesian explanation of business cycle, economic fluctuation and crises, and also the solutions proposed from Keynesian perspective to the economic problems that characterize the bust phases of the business...
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| Format: | Article |
| Language: | ron |
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Institute for World Economy
2009-10-01
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| Series: | Revista de Economie Mondială |
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| Online Access: | http://iem.ro/rem/index.php/REM/article/view/70/56 |
| Summary: | The main purpose of this article is to briefly present the Keynesian explanation of business cycle, economic fluctuation and crises, and also the solutions proposed from Keynesian perspective to the economic problems that characterize the bust phases of the business cycles (unemployment, recessions). In the fourth section of the article some criticisms of the Keynesian theoretical approach of the economic crises are considered and summarized. |
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| ISSN: | 2343-9521 2343-9521 |