Essays on Keynesian Economics

Economics is the study of production, distribution, and consumption of goods and services. In economics there are two different theories, the classical economic theory and the Keynesian economic theory. They both contrast each other and bring out two different view/sides in economics. Classical economics is…

Before the Great Depression, factory owners and executives earned more than their workers. The wealthy owners then had more investments in the market, resulting in the top earners remaining wealthy and in power. From the great depression to modern times, Keynesian economics have shaped our…