Cheap hawaii trips on 5 percent every single year. Keynes contended the prevailing economic theory of his time was mistaken in its belief that full employment was the norm and any economy that departed from full employment would quickly return to that optimal state simply by relying on the invisible hand of the market. His challenge to the prevailing laissez-faire mentality was one of the most important characteristics of Keynes' General Theory. The neo-Keynesians.
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Unfortunately, Keynes did not develop a formal model in The General Theory, leaving that task to others. This explains the widespread disagreement that ensued among economists persuaded by Keynes' message. Some of the earliest and most widely accepted models of Keynesian economics were developed by the neo-Keynesians who sought to integrate the insights of Keynes into traditional (or neoclassical) economics, particularly in the context of models that generate an equilibrium state.
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