Macroeconomics: The Dynamics of Commodity Production

The climate of opinion among economists recently seems to have shifted in favour of the view that the Keynesian style of economic management does not work in industrial capitalism. This has provided an opportunity for various related doctrines like 'monetarism' and 'supply-side economies' to surface as contending views. They argue that the Keynesian view of economic management is theoretically defective and a better alternative is to rely less on economic intervention by the State and more ...