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Social Issues
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| Number of pages / Number of words: |
11 / 2940 |
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By publishing the General Theory, Keynes set a whole new look on the science of economics, especially when talking about macroeconomics. First of all, up to the era of Keynes, macroeconomics didn’t have such strong basis as nowadays. And even the classical version of macroeconomics was put integrally together rather as a reaction on Keynes’s book than as a natural development before...
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And even the classical version of macroeconomics was put integrally together rather as a reaction on Keynes’s book than as a natural development before.
Second, Keynes used a new approach towards the economic science and shifted the problems further from microeconomics towards macroeconomics on a microeconomic basis...
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