existing economic theory was unable either to explain the causes of the severe worldwide economic collapse or to provide an adequate public policy solution to jump-start production and employment.

Keynesian economics is a theory whose premise is that aggregate demand is a primary driver of the economy and employment. Keynesian economics is an economic theory, and the basic premise is that ...

López, J. G. (2008). Keynes in Latin America and Latin American Keynesianism. En M. Forstater and R. Wray, Keynes for the Twenty-First Century. The Continuing Relevance of The General Theory (pp.