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Market System: Price, Demand and Supply
C/E/531. Say's Law and its Critique by Keynes
- WORDS:
- 1800
- DATE:
- 2010
- PRICE:
- 19.99 GBP
The paper looks at the difference between the approaches of Say and Keynes to the issues of state involvement in the country’s economy. The existence of the natural balance within economy is questioned discussing the relationship between supply and demand, and showing that Say’s law does not explain the problems of recession and unemployment.
KEYWORDS: Say’s Law, Keynes, supply and demand,
Other Papers On: Macroeconomics
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