Keynesian and Marxist Economics and Kremlin Capitalism
Marxist Economics and Kremlin Capitalism
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The origin, nature and evolution of the two mainstream economic thoughts are included within this book, those of John Maynard Keynes and Karl Marx, and the influence each had upon economic development and this book report examines a work in economics. The book entitled Kremlin Capitalism, written by Blasi, Kroumova & Kruse (1996) examines the state of Russia during the first part of the 1990s. The book is summarized. Some quotes are included. Keynesian economics is a theory that says the government should increase demand to boost growth. Keynesians believe consumer demand is the primary drivin...
The origin, nature and evolution of the two mainstream economic thoughts are included within this book, those of John Maynard Keynes and Karl Marx, and the influence each had upon economic development and this book report examines a work in economics. The book entitled Kremlin Capitalism, written by Blasi, Kroumova & Kruse (1996) examines the state of Russia during the first part of the 1990s. The book is summarized. Some quotes are included. Keynesian economics is a theory that says the government should increase demand to boost growth. Keynesians believe consumer demand is the primary driving force in an economy. As a result, the theory supports the expansionary fiscal policy. Its main tools are government spending on infrastructure, unemployment benefits, and education. A drawback is that overdoing Keynesian policies increases inflation. The British economist John Maynard Keynes developed this theory in the 1930s. The Great Depression had defied all prior attempts to end it. President Franklin D. Roosevelt used Keynesian economics to build his famous New Deal program. In his first 100 days in office.
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