Keynesian Economics and The Welfare State

Authors

  • Alvaro Del Regil

Keywords:

Keynesian economics, Keynesian paradigm, welfare state, inequality

Abstract

This article explains in detail the emergence of the new Keynesian economic paradigm as a consequence of the experience of the Great War and the Great Depression and the results obtained through government intervention during the New Deal.  The aim is to show how the postwar era, with government in the driver's seat of the economy, provided the greatest period of progress in the welfare of both rich and poor nations, despite powerful interests that continually moved in the opposite direction. The results are disturbing, as the developed nations are imposing a new paradigm that is deliberately designed to further benefit the powerful few to the detriment of the impoverished many.

Downloads

Download data is not yet available.

Published

2021-06-01

How to Cite

Del Regil, A. (2021). Keynesian Economics and The Welfare State. Revista Internacional De Salarios Dignos, 3(01), 47–85. Retrieved from https://revistasinvestigacion.lasalle.mx/index.php/OISAD/article/view/3006

Similar Articles

1 2 > >> 

You may also start an advanced similarity search for this article.