Social Sciences
4 years ago

Keynesian Theory Revolutionizes Understanding of Employment Dynamics in Society

The Economic Journal
A Keynesian View of Patinkin's Theory of Employment
Paul Davidson

Paper Summary

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The article discusses how Keynesian economics can provide insights into Patinkin's theory of employment. The researchers examine the relationship between aggregate demand and employment levels. They find that changes in demand can impact employment, highlighting the importance of government intervention to stabilize the economy.