Historical Explorations, Biography Meredith Busch-Yankovsky Historical Explorations, Biography Meredith Busch-Yankovsky

On Keynesian economics and the Great Depression

Keynes' arguments during this period centered on a few main concepts. First, he challenged the widely accepted notion that the market's own forces would spark a recovery. Secondly, he used history to argue that "capitalist economics limited the ability of private investment to stimulate renewed economic growth." (2) And, thirdly, that public investment was the way to stimulate the economy and boost consumption, which would bring about recovery to the market.

Read More