Redistributing wealth by high taxes and welfare may undermine productivity and restrain a person incentive to work.
Is distribution of wealth fair and healthy for society?
Are their ways to redistribute wealth that do not undermine productivity?
(Just need brief answers one to two paragraphs)
First of all let us examine the meaning and implications of Keynesian economics. According to wisegeek.com (2010) in Keyne's theory, one person's spendings goes toward anthers earnings, and when that person spends her earnings she is, in effect, supporting another's earnings; this circle continues on and helps support a normal functioning economy. According to this site, for example, when the Great Depression of the 1930s hit, people's natural reaction was to hoard their money; under Keyne's theory this stopped the circular flow of money, keeping the economy at a standstill.
According to wisegeek.com (2010) since Keynesian economics advocates for the public sector to step in to assist the ...
Solution Summary
According to this article, Keynesian economics warns against the practice of too much saving, or underconsumption, and not enough consumption, or spending in the economy; it also supports considerable redistribution of wealth, when
needed; it states that there is a pragmatic reason for redistribution of wealth.
... followed the ideas and theories of Keynesian... The redistribution of wealth was a ... is-keynesian-economics.htm "Keynesian economic theory recommends government ...
... history however, when redistribution of wealth... day economists can improve on Keynes' theories. ... "Keynesian economic theory recommends government manipulation of ...
... o Conversion Theory of Moneymoney is a ...Keynesbelieves that mercantilists had great insight; they ... Francois Quesnetfirst formal economic model that ...
... According to economic theory, to what extent should government ... is a part of the long term economic outlook. ...Keynes' main argument was that aggregate demand for ...
... John Stuart Mill, Karl Marx and John M. Keynes. ... price effect; microeconomics is also called as 'Price Theory'. Economics is a tool that helps in evaluating the ...
... Still another theory focuses on the economic division of labor ... system, as well as the ideas of economic philosophers Adam Smith and John Maynard Keynes. ...
... who argued in The General Theory of Employment ... this "stagflation" as evidence that Keynesian economics did not ... return to different kinds of economic activities. ...
... who is oriented towards a Keynesian welfare state ... In theory, if not in practice, this process has ... with the institution of market-friendly economic reforms and ...
... who sees great merit in the quantity theory of money ... debt for three reasons: redistribution among citizens ...Keynesian economics made clear that The 1980s saw a ...
