Are Marx and Keynes Compatible? Pt 4
The Keynesian revolution in economic policy Before Keynes, neo-classical marginalist economists believed that capitalism was stable if left to its own devices. These economists held that a capitalist economy tended strongly toward an equilibrium at full employment of both workers and machines. Therefore, if a recession were to occur the response of the authorities should … Continue reading Are Marx and Keynes Compatible? Pt 4
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