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Free market and John Maynard Keynes

Shortcuts: Differences, Similarities, Jaccard Similarity Coefficient, References.

Difference between Free market and John Maynard Keynes

Free market vs. John Maynard Keynes

In economics, a free market is an idealized system in which the prices for goods and services are determined by the open market and consumers, in which the laws and forces of supply and demand are free from any intervention by a government, price-setting monopoly, or other authority. John Maynard Keynes, 1st Baron Keynes (5 June 1883 – 21 April 1946), was a British economist whose ideas fundamentally changed the theory and practice of macroeconomics and the economic policies of governments.

Similarities between Free market and John Maynard Keynes

Free market and John Maynard Keynes have 20 things in common (in Unionpedia): Adam Smith, Capitalism, David Ricardo, Depression (economics), Friedrich Hayek, Ha-Joon Chang, Harvard University Press, Invisible hand, Joseph Stiglitz, Keynesian economics, Marxism, Milton Friedman, Neoclassical economics, Nobel Memorial Prize in Economic Sciences, Political economy, Recession, Robert Kuttner, The Wealth of Nations, Thomas Robert Malthus, Winston Churchill.

Adam Smith

Adam Smith (16 June 1723 NS (5 June 1723 OS) – 17 July 1790) was a Scottish economist, philosopher and author as well as a moral philosopher, a pioneer of political economy and a key figure during the Scottish Enlightenment era.

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Capitalism

Capitalism is an economic system based upon private ownership of the means of production and their operation for profit.

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David Ricardo

David Ricardo (18 April 1772 – 11 September 1823) was a British political economist, one of the most influential of the classical economists along with Thomas Malthus, Adam Smith and James Mill.

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Depression (economics)

In economics, a depression is a sustained, long-term downturn in economic activity in one or more economies.

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Friedrich Hayek

Friedrich August von Hayek (8 May 189923 March 1992), often referred to by his initials F. A. Hayek, was an Austrian-British economist and philosopher best known for his defense of classical liberalism.

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Ha-Joon Chang

Ha-Joon Chang (born 7 October 1963) is a South Korean institutional economist and socialist specialising in development economics.

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Harvard University Press

Harvard University Press (HUP) is a publishing house established on January 13, 1913, as a division of Harvard University, and focused on academic publishing.

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Invisible hand

The invisible hand is a term used by Adam Smith to describe the unintended social benefits of an individual's self-interested actions.

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Joseph Stiglitz

Joseph Eugene Stiglitz (born February 9, 1943) is an American economist and a professor at Columbia University.

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Keynesian economics

Keynesian economics (sometimes called Keynesianism) are the various macroeconomic theories about how in the short run – and especially during recessions – economic output is strongly influenced by aggregate demand (total demand in the economy).

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Marxism

Marxism is a method of socioeconomic analysis that views class relations and social conflict using a materialist interpretation of historical development and takes a dialectical view of social transformation.

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Milton Friedman

Milton Friedman (July 31, 1912 – November 16, 2006) was an American economist who received the 1976 Nobel Memorial Prize in Economic Sciences for his research on consumption analysis, monetary history and theory, and the complexity of stabilization policy.

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Neoclassical economics

Neoclassical economics is an approach to economics focusing on the determination of goods, outputs, and income distributions in markets through supply and demand.

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Nobel Memorial Prize in Economic Sciences

The Nobel Memorial Prize in Economic Sciences (officially Sveriges riksbanks pris i ekonomisk vetenskap till Alfred Nobels minne, or the Swedish National Bank's Prize in Economic Sciences in Memory of Alfred Nobel), commonly referred to as the Nobel Prize in Economics, is an award for outstanding contributions to the field of economics, and generally regarded as the most prestigious award for that field.

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Political economy

Political economy is the study of production and trade and their relations with law, custom and government; and with the distribution of national income and wealth.

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Recession

In economics, a recession is a business cycle contraction which results in a general slowdown in economic activity.

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Robert Kuttner

Robert Kuttner (born April 17, 1943) is an American journalist and writer whose works present a liberal / progressive point of view.

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The Wealth of Nations

An Inquiry into the Nature and Causes of the Wealth of Nations, generally referred to by its shortened title The Wealth of Nations, is the magnum opus of the Scottish economist and moral philosopher Adam Smith.

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Thomas Robert Malthus

Thomas Robert Malthus (13 February 1766 – 23 December 1834) was an English cleric and scholar, influential in the fields of political economy and demography.

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Winston Churchill

Sir Winston Leonard Spencer-Churchill (30 November 187424 January 1965) was a British politician, army officer, and writer, who was Prime Minister of the United Kingdom from 1940 to 1945 and again from 1951 to 1955.

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The list above answers the following questions

Free market and John Maynard Keynes Comparison

Free market has 149 relations, while John Maynard Keynes has 386. As they have in common 20, the Jaccard index is 3.74% = 20 / (149 + 386).

References

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