Keynesian Quarter Century - 1948-73

In the 25 years when the Keynesian theory was applied, there was very good results even though it was not a correct theory but it worked very well in Europe. In Europe and USA, the Keynesian economics worked very well as there was full employment, stability and prosperity. One of the most important things which has not been mentioned by very many people over this 25 centuries there was growth, production doubled, but this growth was even and all classes benefited equally, bottom 20% of the income distribution also gained and the top gained. So, the gains from economic growth were equally spread through all the classes and there was general prosperity. This did not continuing, although growth did continue after 73, but the equal distribution did not continue.