Would it be accurate to say that Keynes' major innovation in economics was to treat government spending as a big factor to be considered in economic study ? And to express so much concern about abating unemployment and the bust phase of the business cycle ? Before Keynes , political economy did not consider government activity as part of its subject matter ? Was there "the economy" before Keynes ?
For example, Marx pays very little attention to government spending in _Capital_ in his main discussion. He writes interestingly on the origin of the National Debt in the third to the last chapter or section, but it is a minor aspect of the whole book. Charles _______________________________________________ pen-l mailing list [email protected] https://lists.csuchico.edu/mailman/listinfo/pen-l
