1.3: Keynesian World

Keynes observe the Great Depression deeply and came to know that Classical theories could not explain the causes of this crisis and he rejects Classical theory in many aspects which are discussed in following sections.

Section 1: Keynesian Solution

Section 2: Battle of Ideologies

Section 3: Keynes Rule - WWII

Section 4: Keynesian World

Section 5: Keynesian Quarter Century - 1948-73