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Abstract: A 5 page paper. In 1936, John Maynard Keynes presented to the world a new theory of economics that argued the Classical laissez-faire theories worsened a recession. Keynes argued that governments needed to intervene to stimulate the economy. This paper discusses Keynes theories and how they contradict Classical theories. Bibliography lists 4 sources.
Catagory: Money & Banking / Corporate Finance
Subcatagory: Accounting & Personal Finance
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