Theory of J. M. Keynes as a revolutionary approach to economics.

Authors

  • B. Z. Nurmanova Al-Farabi Kazakh National University
        52 46

Keywords:

methodology of. Keynes, paradox of thrift, effective demand, multiplier, Keynesian methods of economic regulation.

Abstract

In 2016 been celebrated the 80th anniversary of publication of the work of Keynes’ «General Theory of Employment, Interest and Money». This date are updated by exploration of the phenomenon of labor, forces to search for the answer to the question about the causes of heated discussions that have unfolded around her. Keynes refuted many provisions of the preceding economic science, he has criticized the basic principles of the classical theory. First of all, in contrast to the classical school, he discovers that the market mechanism has no internal self-regulating mechanisms, and demonstrates the need for state regulation of the economy. Keynes changed the methods of studying the economic reality: introduced the macroeconomic approach, take into account the psychological aspects of human behavior, paid much attention to the uncertainty factors and expectations.

References

1 Kaldor N. Keynesian Economics After Fifty Years // Keynes and the Modern World: Proceedings Keynes Centenary Conference.
– Cambridge, 1983, pp. 1-48.
2 The General Theory of Employment, Interest, and Money by John Maynard Keynes // URL: http://etext.library.adelaide.
edu.au/k/keynes/john_maynard/k44g/k44g.html
3 Mirovaya economica: vihod iz krizisa / Pod red. G.I. Machavariani. – M.: IMEMO RAN, 2010. –100 s.
4 Osadchaya I. Postindustrialnaya economica: menyaetsua li rol’ gosudarstva // MEiMO, 2009,№5, 31-42 s.
5 Poslanie Prezidenta Respubliki Kazakhstan N. Nazarbaeva narodu Kazakhstana «Kazakhstan v novoi globalnoi realnosti:
rost, reformy, razvitie». // Kazakhstanskaya pravda, 1 dekabrya 2015 g.

Downloads

How to Cite

Nurmanova, B. Z. (2016). Theory of J. M. Keynes as a revolutionary approach to economics. Journal of Economic Research &Amp; Business Administration, 116(4/2). Retrieved from https://be.kaznu.kz/index.php/math/article/view/1361