Along Comes Keynes

Colin Read
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Colin Read: SUNY College

Chapter 20 in The Fear Factor, 2009, pp 162-170 from Palgrave Macmillan

Abstract: Abstract As economies unwound around the globe, the British economist John Maynard Keynes was developing an explanation of consumer spending that was spot on for the era. His insights were both timely and profound, and are even experiencing a resurgence given the strong parallels between the Great Crash of 1929 and the Great Crash II of 2008, and between the Great Depression and our current Global Financial Meltdown.

Keywords: Monetary Policy; Government Spending; Credit Market; Multiplier Effect; Foreign Exchange Market (search for similar items in EconPapers)
Date: 2009
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Persistent link: https://EconPapers.repec.org/RePEc:pal:palchp:978-0-230-25086-4_21

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DOI: 10.1057/9780230250864_21

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