The Keynesian Approach of Business Cycle and Economic Crises and its Criticism

The main purpose of this article is to briefly present the Keynesian explanation of business cycle, economic fluctuation and crises, and also the solutions proposed from Keynesian perspective to the economic problems that characterize the bust phases of the business cycles (unemployment, recessions). In the fourth section of the article some criticisms of the Keynesian theoretical approach of the economic crises are considered and summarized.

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Year of publication:	2009
Authors:	Baltatescu, Ionela
Published in:	Revista de Economie Mondiala / The Journal of Global Economics. - Institutul de Economie Mondiala. - Vol. 1.2009, 4
Publisher:	Institutul de Economie Mondiala
Subject:	economic crises \| Keynes \| liquidity preference \| unemployment \| under-consumption \| fiscal and monetary policy

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Extent:	text/html
Type of publication:	Article
Classification:	E12 - Keynes; Keynesian; Post-Keynesian ; E21 - Consumption; Saving ; E24 - Employment; Unemployment; Wages ; E31 - Price Level; Inflation; Deflation ; E32 - Business Fluctuations; Cycles ; E60 - Macroeconomic Policy Formation, Macroeconomic Aspects of Public Finance, Macroeconomic Policy, and General Outlook. General
Source:	RePEc - Research Papers in Economics

Persistent link: https://www.econbiz.de/10010752192