This year’s New Year edition of Der Spiegel features an interesting piece titled, “Was Marx right after all?” Full of astute observations about the state of capitalism, it’s a piece symptomatic of the anxiety of the ruling class.
You are right. At the core Keynesianism is about spending to induce demand. This is the macroeconomic aspect but by context I meant there are specialised applications of the theory in areas like monetary and fiscal policies and employment.
You are right. At the core Keynesianism is about spending to induce demand. This is the macroeconomic aspect but by context I meant there are specialised applications of the theory in areas like monetary and fiscal policies and employment.