Kneel and beg experts to explain Keynesianism

When history just stepped into the threshold of the 20th century, economists gradually realized that in the real world, the market mechanism is not infallible, and the cyclical fluctuations of the economy are accompanied by undesirable economic phenomena such as unemployment. The Ancien Régime school, represented by Veblen and Cummins, advocated the state to regulate and arbitrate labor conflicts, and opposed laissez-faire policies. Marshall's protégé Pigou founded welfare economics, and although he still generally rejected interference in economic life, he also made a fierce criticism of laissez-faire idealism, arguing that the state should intervene to correct the externalities of production to prevent the deviation of marginal private net output from marginal social net output. The Swedish school, with Muirdahl, Lindahl, Lundburg, Olin and Lindbeck as the main representatives, gradually matured in the great crisis of 1929 33, they adhered to the theoretical tradition of the theoretical pioneer of this school, Wyxel's state intervention in the economy, with the practical experience of the Swedish Social Democratic Party in power for half a century as its support and support, and used the analysis method of macroeconomic dynamics to form a relatively systematic "mixed economic theory", which was unique and charming in Western economics in the 20th century.

If the above-mentioned many Western economists who questioned and criticized the free market theory of classical economics were only "partial revolutions" against it, then Keynes's "General Theory" published in 1936 was a comprehensive reactionary and thorough critique of it. Keynesianism argues that the spontaneous market mechanism of converting savings into investment through interest rates and regulating the supply and demand of labor with the help of changes in wages does not automatically create the level of effective demand required for full employment; In the competitive private system, the "three psychological laws" make the effective demand often lower than the aggregate supply level of the society, resulting in the employment level always in an equilibrium state of underemployment. Therefore, to achieve full employment, traditional laissez-faire policies must be abandoned and active fiscal and monetary policies must be applied to ensure sufficient levels of effective demand.

Keynes's most fundamental theoretical innovation is to provide a set of economic justifications for state intervention in the economy, which no economics could have done before the advent of Keynesianism.

The upstairs said so much, and I agree.

He advocated the formation of a good order and long-term development of the economy through the regulation and control of the state. The visible hand of the state exceeds the invisible hand function of the market. The over-issuance of money and the construction of infrastructure to strengthen the economy are based on Keynes's theory.

What is Keynesianism? Revealing the logic behind economic regulation.

Keynesian economics or Keynesianism is an economic theory based on the ideas of Keynes's book The General Theory of Employment, Interest and Money (Keynes, 1936), which advocates that the state adopt expansionary economic policies to promote economic growth by increasing demand.

Keynesianism, or Keynesian economics, is an economic theory based on Keynes's general theory of employment, interest and money (Keynes, 1936), which advocates the adoption of expansionary economic policies by the state to promote economic growth by increasing demand.

Keynes's economic theory held that macroeconomic trends would constrain the specific behavior of individuals. "Political economy" or "economics" since the late 18th century has been based on the continuous development of production to increase economic output, while Keynes believed that the decline in aggregate demand for goods was the main cause of economic recession. From this point of view, he argues that measures to maintain a balance in the data on overall economic activity can balance supply and demand at the macro level.

As a result, Keynes's and other economic theories based on Keynes's theory are called macroeconomics to distinguish them from microeconomics, which focuses on the study of individual behavior.

The main conclusion of Keynes's economic theory is that there is no strong automatic mechanism in the economy for the development of production and employment in the direction of full employment. This is in contrast to the so-called Say's law in neoclassical economics, which holds that the automatic adjustment of the interest rate tends to create full employment. Attempts to link macroeconomics and microeconomics have been the most fruitful areas of economic research since Keynes's General Theory, with microeconomists trying to find the macro expression of their ideas on the one hand, and monetarist and Keynesian economists trying to find a solid micro-basis for Keynesian economic theory.

After World War II, this trend developed into the neoclassical synthesis school.

How the bourgeoisie intervenes in the economy, and how to draw on the communist finch doctrine to adjust the surplus, in popular terms, is how the bourgeois state intervenes in economic development through the means of the bourgeoisie.

Yes; Keynesianism is mainly an economic theory based on ideological collapse, which advocates that a series of countries adopt relatively crude expansionary policies to effectively increase a series of demand, thereby promoting economic growth.

Keynesianism is a concept in the field of economics that aims to help economic growth by promoting demand. He advocated that the state adopt a loose economic policy.

Emphasis is placed on the state's macroeconomic regulation and control.

New Keynesianism is a theory formed after the 70s of the 20th century on the basis of Keynesianism and absorbing some non-Keynesian views and methods. It can be expressed by formula: New Keynesianism = Keynesianism + certain ideas and methods of non-Keynesianism.

The biggest difference between the two is that with the different economic periods, Keynesianism emphasizes that the state should use a "visible hand" to strengthen the theory of economic intervention, which has shown certain drawbacks, and it is necessary to adjust the macroeconomic means of economic intervention on this basis to let the market play its own regulatory function, that is, the "invisible hand", and this new theory is new Keynesianism.

1l equals not to say.

Keynesianism emphasizes that the state must intervene in the economy, regulate it with a visible hand, and that the market economy cannot be optimal on its own.

New Keynesian economics adheres to the idea of intervening in the economy, but it absorbs the rational expectation view of the rational expectation school and the view that "the expected macroeconomic policy is ineffective", and also emphasizes the supply school's idea of regulating the economy from the supply side, and advocates considering economic policy from the long-term and supply side.

Keynesianism refers to the change of the economic cycle through intervention, and the basic view is to intervene in the economic cycle through some expansionary monetary and fiscal policies, which is manifested in increasing the amount of money printed (currency) or reducing taxes and increasing procurement (fiscal) means to stimulate aggregate demand and then change the economic cycle.