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Keynes was educated at King's College at the University of Cambridge,
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John Maynard Keynes - Wikipedia
foundational to mainstream macroeconomics. He has been referred to as the "father of macroeconomics"[9] and is considered one of the most influential economists of the 20th century.[10][11][12] <span>Keynes was educated at King's College at the University of Cambridge, where he graduated in 1904 with a B.A. in mathematics. During the Great Depression of the 1930s, Keynes spearheaded the Keynesian Revolution, challenging the ideas of neoclassical econo



Flashcard 7924023168268

Question
Answer
total spending in the economy

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John Maynard Keynes - Wikipedia
classical economics that held that free markets would, in the short to medium term, automatically provide full employment, as long as workers were flexible in their wage demands. He argued that <span>aggregate demand (total spending in the economy) determined the overall level of economic activity, and that inadequate aggregate demand could lead to prolonged periods of high unemployment, and since w






Flashcard 7924264340748

Question
George famously argued that a [...] on land values would create a more productive and just society.
Answer
single tax

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Henry George - Wikipedia
omic philosophy known as Georgism, the belief that people should own the value they produce themselves, but that the economic value of land (including natural resources) should belong equally to all members of society. George famously argued that a <span>single tax on land values would create a more productive and just society. His most famous work, Progress and Poverty (1879), sold millions of copies worldwide.[1] The treatise investigated the paradox