General theory of employment-interest and money

Assignment Help Business Economics

Reference no: EM13772442

In The General Theory of Employment, Interest, and Money, John Maynard Keynes wrote: If the Treasury were to fill old bottles with banknotes, bury them at suitable depths in disused coal mines which are then filled up to the surface with town rubbish, and leave it to private enterprise....to dig the notes up again.....there need be no more unemployment and, with the help of the repercussions, the real income of the community....would probably become a good deal greater than it is.

- Which important macroeconomic effect is Keynes discussing here?

- What does he mean by repercussions?

- Why does he appear unconcerned about whether government spending is wasteful?

Reference no: EM13772442

Questions Cloud

Tax on high-skilled labor burdens low- skilled workers : Explain in words and in diagrams how a tax on high-skilled labor burdens low- skilled workers. Which of the following taxes do you think would cause the larger excess burden? In one or two sentences explain why?

Explain key factors in the case windsor v the us : From the second e-Activity, describe two (2) key factors in the case Windsor v. the US that you believe led to the repeal of DOMA. Provide specific ecamples to support your rationale

The distribution of earthquakes across the continental unite : How is this kind of geological energy different from biological energy (such as the calories creatures get when they consume food)? How are they the same?

What types of training must be provided to computer : What types of training must be provided to computer and network forensics investigators? Explain. With regard to the above scenario, as the crime scene technician, what would you photograph? Why? Explain in detail. What if the computer is a personal ..

General theory of employment-interest and money : In The General Theory of Employment, Interest, and Money, John Maynard Keynes wrote: If the Treasury were to fill old bottles with banknotes, bury them at suitable depths in disused coal mines which are then filled up to the surface with town rubbish..

What is the optimal quantity pear produces : Pear Inc. is a monopolist producing the iWatch, a wristwatch mobile communication device. The iWatch is a device that will last for exactly two periods, after everyone will switch to Boogle Glass, a eyeglass mobile communication device that is not ye..

Mismanaged organizational stress : Distrust, disrespect, and animosity pertain to which component of indirect costs associated with mismanaged organizational stress?

Does the policy raise any ethical issues : Legally, how did CMS go about deciding that it would reduce reimbursement for hospital-acquired pressure ulcers and other conditions? Does this policy make sense to you? Why? Does the policy raise any ethical issues

Computer system for their enterprise data management system : Galvanized Products is considering a new computer system for their enterprise data management system. The vendor has quoted a purchase price of $100,000. Galvanized Products is planning to borrow one-fourth of the purchase price from a bank at 15 per..

User Account

All Pages