Keynesian schools of macroeconomic management

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Discuss the laissez-faire and Keynesian schools of macroeconomic management, respectively. How do those approaches apply to the international economic systems of the pre-Bretton Woods and Bretton Woods systems? Use the systemic and subsystemic levels-of-analysis to account for the transition from the laissez-faire to Keynesian approach, post-war. Was that transition warranted, in your opinion, from the standpoint of IPE? Explain.

Reference no: EM131195448

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