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| Author: | Susjan, A. |
| Title: | The relevance of Keynes's theory for long-run economic policy |
| Journal: | Nase gospodarstvo
1995 : VOL. 41:1-2, p. 18-23 |
| Index terms: | ECONOMIC THEORY KEYNESIAN SCHOOL RATIONAL EXPECTATIONS ECONOMIC POLICY |
| Language: | slv |
| Abstract: | The prospective character of Keynes's aggregate supply and aggregate demand functions is based on entrepreneurial expectations.In particular long run expectations are very important for macroeconomic dynamics because of their influence on entrepreneurs investment decisions.In Chapter 12 of the General Theory an important role in the formation of long run expectations is attributed to the state of confidence.According to the article Keynes's theory thereby provides a basis for supply-side policy measures which, through improving the state of confidence, may significantly help to sustain long run economic growth. |
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