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8 ways to boost the Economy

posted 27 Sept 2017, 04:06 by harp guy
The notion that governments need to stimulate aggregate demand when the economy slows down was first proposed by economist John Keynes in the 1930’s. This Keynesian approach to fighting economic downturns by increasing government spending has been tried unsuccessfully in the US, Japan, and many European Union countries and is unlikely to work in India. Economic history teaches us that growth comes from ideas, innovations, institutions, and attitudes all juxtaposed on a set of fair laws that protect private property and intellectual capital.