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Keynesian economics is an economic theory the name of John Maynard Keynes (1883 – 1946), British economist. was his simple explanation for the cause of the great depression which is best known. Keynes economic theory was based on a circular flow of money. their ideas led to a series of interventionist economic policies during the Great Depression.

Keynes solution to this poor economic situation to prime the pump. to prime the pump, Keynes argued that government should intervene to increase spending, either by increasing the money supply or by actually buying things in the market itself. during the Great Depression, however, this is not a popular solution. it is said, however, that massive defense spending that the United States President Franklin Delano Roosevelt began helped revive the U.S. economy.

As advocates of Keynesian economics for the public sector to intervene to help the economy in general, it is a significant departure from the popular economic thought that preceded it – the laissez-fair capitalism. laissez-fair capitalism supported exclusion of the public sector in the market. the belief was that an unfettered market would achieve balance by itself. advocates of free market capitalism include the Austrian school of economic thought, one of its first founders, Friedrich von Hayek, also lived in England with keynes. the two had a public rivalry for many years because of their opposing views on the role of the state in economic life of individuals.

Keynesian economics warns against the practice of saving too much, or suboptimal, and not enough consumption, or expenditure in the economy. also supports a significant redistribution of wealth, when necessary. Keynesian economics also concludes that there is a pragmatic reason for the massive redistribution of wealth: if the poorest segments of society are given sums of money, is likely to spend rather than save it, thus promoting economic growth. another central idea of ??Keynesian economics is that trends at the macroeconomic level can disproportionately influence the consumer behavior at the micro level. Keynesian economics, also known for its broad macro look at the economy as a whole, remains one of the major schools of economic thought today.

“Have you ever stopped to think that everything around us and we use or consume every day were invented by someone as a solution to a problem or need?

From simple accessories like an umbrella, a utility knife or an iron, to more sophisticated items such as microwave oven, cell phone or the Internet. All were born in the mind of someone who had the vision to provide solutions to common needs and were then turned into big business that transformed the world. Today I share some ways to exploit your ideas to turn them into inventions that in turn can be very lucrative business.

Create practical products: I remember some years ago was almost unthinkable to imagine that the water sold in bottles or even bags. Now, however, are in the supermarket and at any store not just water but guacamole, tortillas, salsas and a thousand products in stock simply take them and use them. If you look closely, you’ll find a good niche business in the invention of practical products. Readmore…