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... rather than work, then in the 1960's. This was labeled as an incentive to fail. This stage of the book also explains why economic growth in the 1970's was losing steam. "One reason that the economic growth in the 1970's lost its power to reduce poverty was that many of the poor were without jobs. If one has no job, it ... ...
... ) markets become such a national point of interest. Indeed during these years the Australian market had not experienced that much popularity. In 2001 the global economy started to run out of steam. The US economy which was largley the driver in economic growth for the past decade was indeed slowing. Sentiment turned bearish globally and fund managers, investment analystis et all started ... ...
... cut out to be a workingman's revolutionary, a graduate of England's exclusive Eton prep school, a collector of modern art and a graduate of Cambridge University, nonetheless he transformed the dismal science into a revolutionary engine of social program. Before Keynes economists were gloomy naysayer's. "Nothing can be done" "Don't interfere" "It will never work", but Keynes was an optimist. "Of course we can lick unemployment ... ...
