Psychology Dictionary of ArgumentsHome
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| Economic policies: Economic policy refers to government measures to manage the economy. It includes decisions on monetary policy, taxes, trade and regulations aimed at promoting growth, stability and distributive justice. See also economy, interventions, interventionism, politics._____________Annotation: The above characterizations of concepts are neither definitions nor exhausting presentations of problems related to them. Instead, they are intended to give a short introduction to the contributions below. – Lexicon of Arguments. | |||
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John Maynard Keynes on Economic Policies - Dictionary of Arguments
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 maintain overall demand at the level necessary for full employment. In order to 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) >Economic cycles, >Government debt, >Taxation, >Monetary policy, >Macroeconomics, >Money supply. 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 the right hand side. ((s)…): Comment by the sender of the contribution. Translations: Dictionary of Arguments The note [Concept/Author], [Author1]Vs[Author2] or [Author]Vs[term] resp. "problem:"/"solution:", "old:"/"new:" and "thesis:" is an addition from the Dictionary of Arguments. If a German edition is specified, the page numbers refer to this edition. |
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 |
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