John Maynard Keynes · Economics
Keynes’s revolution: that economies can get stuck in slumps not because they cannot produce, but because there is not enough spending to buy what they produce.
You learned that Keynes overturned ‘Say’s Law.’ Explain what that law claimed and why Keynes thought a shortfall of demand could trap an economy in unemployment, in your own words.
Leads to Paul Samuelson.
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