An 8 page argumentative research paper that argues of all the available options, only evolved Keynesian policy will meet the demands of the next century. The writer provides Keynesian and monetarist viewpoints, and points out the flaws of the monetarist view from a global outlook in regards to European and United Nations policies. Bibliography lists 12 sources.
Name of Research Paper File: D0_2000ken.rtf
Unformatted Sample Text from the Research Paper:
Keynesian theory supports free and open trade, but only when unemployment and anti-poverty measures are in place. Socialism has been proven to be too economically burdensome, and monetary policy
is proving to be too irresponsible. The only other option would be if business leaders would suddenly experience a change of heart and make some concessions themselves, but experience
shows that this will not occur. However, there are problems with Keynes theory, particularly the fact that he envisioned an employed labor force, but one which subsisted on low
wages so that companies could realize the highest profits. For this reason, it is Post-Keynesian theory that will carry the world into the next century.
Like todays Keynesians, economists such as Adam Smith, Jeremy Bentham and John Stuart Mill believed that the market would take care of itself. However,
the beliefs of these groups of economists differ from that of monetarists. The classicists and Keynesians believed that that governments must take the responsibility of solving issues of redistribution
of wealth between workers and entrepreneurs, which would ultimately serve the economic health of a nation. Today, that nation is the global nation, and as each "company" state fights
for survival, it must deal with redistribution of wealth. It must work to create a highly profitable privatized group of businesses, but also protect human beings from exploitation by
those businesses, not only for the sake of individuals, but to prevent the uprising of the workers against businesses and the company-state. Therefore, the needs of workers must be
served, and the likely entity is government. Keynesians hold that states are useful and in fact are "utility-maximizers," who promote