Economics Dictionary of Arguments
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Mause I 56f
Economic policies/Keynes: Thesis: Money
supply and price levels have an impact on
the level of real wages and thus on the
extent of employment as a result of
nominal wage rigidity. Since market
economies are not necessarily stable, but
could well lead to shortfalls in demand and
economic slumps, the state must pursue
active macroeconomic control - above all
in the form of anti-cyclical fiscal policy. In
doing so, the state had to vary its
expenditures in opposite directions to the
development of private demand and thus
> Keynes, >
John
Economic maintain overall demand at the level
necessary for full employment. In order to
Maynard Policies
pursue anti-cyclical fiscal policy as
effectively as possible, the state should
and is allowed to finance necessary
additional expenditures also through debt
("deficit spending"). (1)
1. Cf. J. M. Keynes, The general theory of
employment, interest and money. London
1936.
_____________
Explanation of symbols: Roman numerals indicate
the source, arabic numerals indicate the page
number. The corresponding books are indicated on
Meta data
EconKeyn I
John Maynard Keynes
The Economic Consequences
of the Peace New York 1920
Mause I
Karsten Mause
Christian Müller
Klaus Schubert,
Politik und Wirtschaft: Ein
integratives Kompendium
Wiesbaden 2018
Economics Dictionary of Arguments
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the right hand side. ((s)…): Comment by the sender
of the contribution.
The note [Author1]Vs[Author2] or [Author]Vs[term] is
an addition from the Dictionary of Arguments. If a
German edition is specified, the page numbers refer
to this edition.
> Counter arguments against Keynes
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