Philosophy 1030A/B Chapter Notes - Chapter 2: Progressive Tax, Social Democracy

• School: Western University
• Department: Philosophy
• Course: Philosophy 1030A/B
• Professor: Jonathan Marsh

Document Summary

Although we are unable to go back to the way things were in the past, we should not forget it: it is important to learn from our mistakes, particularly the political decisions during the world wars. Keynes focused his economic writings upon the problem of uncertainty and insisted on the unpredictability of human affairs, particularly in the insecurities of people and so a fascist government could not work. He believed that neither capitalism nor liberalism could survive very long without each other. His biggest concerns were unemployment and inflation and believed that the government was responsible for the economic state and so it should not be pure capitalist. Keynes believed that during bad times the government should decrease inflation to encourage spending and during good times the government should increase inflation. As time progressed the involved of the government decreased, particularly after the.