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John Maynard Keynes further adapted the Laissez-faire theory because he was skeptical of the invisible hand's ability to regulate the markets. He argued that government had to step in from time to time to regulate the economy, especially in times of chronic unemployment . Keynes' vision shaped the world economy when it became embedded in the Bretton Woods system of economics that was adopted by the Allied nations after World War Two ...
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John Maynard Keynes further adapted the Laissez-faire theory because he was skeptical of the invisible hand's ability to regulate the markets. He argued that government had to step in from time to time to regulate the economy, especially in times of chronic unemployment . Keynes' vision shaped the world economy when it became embedded in the Bretton Woods system of economics that was adopted by the Allied nations after World War Two ...
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An Analysis of The Dominate Perspectives of International Political Ec
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