Not sure how to interpret the photo but it seems to be saying this construct goes nowhere. If this is a correct interpretation then I think it's a completely false and contemptuous depiction of Keynesianism. The man's theories revolutionized economic thought and strategies and ended the Great Depression of the 30's and laid the foundation for worldwide economic growth thereafter. Even today his advocacy of increasing aggregate demand to bring equilibrium and sustainable growth to economies proves how sound and effective were his theories.
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“The Simplest Way To Describe Keynesianism” In One Photo
Not sure how to interpret the photo but it seems to be saying this construct goes nowhere. If this is a correct interpretation then I think it's a completely false and contemptuous depiction of Keynesianism. The man's theories revolutionized economic thought and strategies and ended the Great Depression of the 30's and laid the foundation for worldwide economic growth thereafter. Even today his advocacy of increasing aggregate demand to bring equilibrium and sustainable growth to economies proves how sound and effective were his theories.