Tytuł:

Determinants of economic activity - the keynesian perspective

Tytuł publikacji grupowej:

Argumenta Oeconomica

Autor:

Bludnik, Izabela

Temat i słowa kluczowe:

Keynesianism ; economic growth ; demand side ; supply side

Opis:

Argumenta Oeconomica, 2008, No 1 (20), s. 19-30

Abstrakt:

The lack of effective demand is commonly treated as a cornerstone of Keynesian attitude towards the deterioration of economic activity and a drop in growth indexes. However, the Keynesian paradigm has been evolving for seventy years. Hence, the opinions concerning the causes of downturn should expose the same tendency. Actually, John M. Keynes and post-war Keynesians ascribed the economic problems to the demand side of market. Together with the development of Keynesianism the demand started to lose its meaning. Step by step it became a second-order factor influencing the economy only temporarily. It is the supply side that plays a much more important role nowadays. New Keynesians claim that in order to attain suitable growth indexes (high employment above all) one must remove the barriers and imperfections typical of supply side. Thus, identifying the term “Keynesian policy” with “demand policy” became ungrounded and misleading

Wydawca:

Uniwersytet Ekonomiczny we Wrocławiu

Miejsce wydania:

Wrocław

Data wydania:

2008

Typ zasobu:

artykuł

Format:

application/pdf

Język:

eng

Powiązania:

Argumenta Oeconomica, 2008, No 1 (20)

Prawa:

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Prawa dostępu:

Dla wszystkich w zakresie dozwolonego użytku

Lokalizacja oryginału:

Uniwersytet Ekonomiczny we Wrocławiu