Keynes suggested that capitalism is vulnerable to instability caused by insufficient consumer demand. He emphasized the reluctance of workers to accept reductions in nominal wages, preventing free market adjustments to unemployment. Based on these and other perceived defects in the capitalist system, Keynes suggested government intervention in the economy, and modern politicians have accepted and applied Keynesian ideas with great enthusiasm.

• ISBN: 143320018X
• ISBN-13: 9781433200182
• Authors : Fred Glahe and Frank Vorhies
• Editor : Israel Kirzner
• Category : Business & Economics - Economics - Theory
• Language : English
• Format: 2 CDs
• Abridgement: Unabridged
• Running Time: 2 hours 30 minutes
• Publication Date: 7/1/2007
• Publisher Imprint: Blackstone Audiobooks
• Price ($AUD): $33.95


• Usual Dispatch Time: 7 - 10 days

• Please note that all prices are in Australian dollars
• Some titles may be subject to availability