WestVirginiaRebel
Banned
With the news of the death of Paul Samuelson, I was wondering what the economic situation might have been like in postwar Europe if Keynes had never been born. My guess is that the work of his precursors might still have come together in some form, but that neoclassical macroeconomics might have held sway (more on that here.)
I'm not an expert on this type of stuff, although its my understanding that Keynesian economics influenced the creation of Europe's postwar welfare states, so I was just wondering how they might have dveloped without his influence...
I'm not an expert on this type of stuff, although its my understanding that Keynesian economics influenced the creation of Europe's postwar welfare states, so I was just wondering how they might have dveloped without his influence...