engleski

The state and the economy 50 years after Keynes

J.M. Keynes pointed out the great possibilities open to government in regulating economic life. The problem of great unemployment in his time being possible to resolve in his interpretation, by a governmental increase of effective demand, in the first instance by public works. Although the government today can, by stimulating effective demand, considerably influence economic movement, its role in contemporary economics has changed. The direction of governmental involvement should be directed towards human capital, scientific research, the advancement of the infrastructure, creating the best environment in which the enterprising spirit can flourish, the stability of economic movement, the growth of overall productivity for the factors of production, and for advancing global competition

state, unemployment, government, economy

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