It’s the total spending in the economy that drives employment, not just the price of labor.
"The difficulty lies, not in the new ideas, but in escaping from the old ones." — John Maynard Keynes 🖋️ #Economy #Investing #History #Keynesian The General Theory of Employment, Interest and ...
In 1936, JM Keynes dropped The General Theory of Employment, Interest and Money . His big realization? The economy can get stuck in a "low-employment trap" indefinitely. It’s the total spending in the economy that
Keynes famously argued that markets aren’t always self-correcting. During a slump, "animal spirits" (our human urge for action over inaction) can falter, leading to persistent unemployment that won't fix itself without a nudge. The economy can get stuck in a "low-employment
Do you think Keynes’ "demand-side" approach is still the best tool for today’s economic challenges? 📈 #Economics #Keynes #Finance #Macroeconomics #GeneralTheory Option 2: The "Short & Punchy" Post (X/Twitter/Threads) Topic: The book that killed "Laissez-Faire" 📉➡️📈