Why Studying Keynes Is More Important Than Ever
Odd Lots
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The Misinterpretation of Keynesianism in Political Contexts
This chapter delves into the original intentions behind Keynesian economics and how political leaders have often misused these theories over time. It critically examines the applications of Keynesianism during the LBJ and Nixon administrations, revealing tensions between social welfare and military spending that diverge from Keynes's vision of economic policy aimed at social justice.
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