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Author
Veggeland Noralv (Inland Norway University of Applied Sciences Lillehammer, Norway)
Title
Confrontation of Economic Politics
Source
Economics, Management and Sustainability, 2017, vol. 2, nr 2, s. 56-61, bibliogr. 23 poz.
Keyword
Keynesizm, Interwencjonizm państwa, Neoliberalizm
Keynesian theory, Government intervention, Neoliberalism
Note
JEL Classification: H11, H70
summ.
Abstract
Keynesianism is a national focused economic theory. The Keynesian theory builds on the assumption that prices and wages are sticky sizes evolves imbalance; high inflation or deflation follows. This in combination with various market crises, such as the current financial crisis, is suggesting that the market always fails, both in achieving full employment and avoiding crisis that affects unemployment. Thus, Keynesian argues that for an active state stabilization and labor market policy in the form of fiscal and monetary policies that can create just full employment and good business, while market deregulation and laissez-faire policies fail. (original abstract)
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Bibliography
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ISSN
2520-6303
Language
eng
URI / DOI
http://dx.doi.org/10.14254/jems.2017.2-2.6.
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