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At the same time, Keynesian policies hurt the top 1%.
Because the New Keynesian models did not offer a sufficient basis for maintaining Keynesian policies once the economic emergency had been overcome, they were quickly abandoned.
For all his criticisms of Keynes, Ropke did not suggest that pressures for full employment and a disregard for its inflationary effects were entirely attributable to Keynesian policies. He also thought it had much to do with the fact that many people in Western countries were increasingly inclined to sacrifice liberty for the apparent security of full employment policies.
Section 5 compares the time structure of production with full employment under Keynesian policies and under a free economy.
government has also been promoting short-term Keynesian policies around the world, in 2010 and 2011, long after the panic in the fall of 2008, and it has been unable to persuade other governments to go along.
The editors of this collection point in their introduction to a less remarked 'second' New Zealand social contract that embodied a statist and centralist consensus built around the welfare state and the Keynesian policies of the first Labour Government (1935-49).
But neither has Keynesian policies. Looking at the period from 1960 to the present when, until very recently, federal spending fluctuated between about 17 and 21 percent of GDP and budget deficits were the rule, eight recessions are observed.
To solve the crisis, governments reverted to typical Keynesian policies, including buying assets to taking over financial companies.
Short term Keynesian policies should be for that time period, not going on over an extended length of time.
These recent Keynesian policies (enacted because it was "foolhardy" to even contemplate non-action), rather than helping, have actually prevented or postponed recovery.
In fact, economies continue to languish not in spite of Keynesian policies but because of them.
(2009a) 'Finance, speculation and stability: Post Keynesian policies for modern capitalism', in J.