HI109 Lecture Notes - Lecture 10: John Maynard Keynes
Document Summary
The nazi are red upon by the police and hitler is captured and put on trial. He gets a lot of sympathy from the court but was sentenced 5 years in prison but only spent 9 months and he wrote the book. When he gets out of prison there is stability. 1. how hard it hits, how hard it hits the world economy and speci c countries. 1/4 people in great britain were out of work. People though that the market would work itself out but it didn"t. 3 theories on how to deal with the depression. 1. liberal economist gure that the depression is an international problem, reduce wages if necessary. Believes unemployment is the biggest problem of the depression. Goes against liberal economic theory, governments have to spend lots of money by getting involves with public works.
