The General Theory Of Employment, Interest And ... -
It’s the total spending in the economy that drives employment, not just the price of labor.
"The difficulty lies, not in the new ideas, but in escaping from the old ones." — John Maynard Keynes 🖋️ #Economy #Investing #History #Keynesian The General Theory of Employment, Interest and ...
A small spark in government spending can lead to a much larger increase in total national income. It’s the total spending in the economy that
1️⃣ Effective Demand: Jobs exist because people spend, not just because workers are cheap.2️⃣ Animal Spirits: Our economic decisions are driven by emotion and "spontaneous optimism," not just math.3️⃣ Fiscal Policy: Governments have the power—and responsibility—to bridge the gap during crises. not in the new ideas