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self-adjustment of classical economy not possible


Discuss self-adjustment of classical economy not possible within the General Talks forums, part of the Management Students Voices ( MBA,BMS,MMS,BMM,BBA) category; according to say's law , full-employment is maintained by an automatic and self-adjustment mechanism in the long run. but keynes ...

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Dimpy Handa
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self-adjustment of classical economy not possible - March 10th, 2011

according to say's law , full-employment is maintained by an automatic and self-adjustment mechanism in the long run. but keynes had no patience to wait for the long period, for he believed that "in the long run we are all dead" it is not the automatic adjustment process, which removes unemployment. but unemployment can be removed in the rate of investment.
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