1. Modernization Theory
... Keynes states that theory "shows that it was possible for economies to go into depression equilibrium where the various factors of the production were not used to achieve optimum economic configurations and the question of theory and policy thereafter concern the precise conditions that will ensure full employment." (Preston, 154) The United States agenda was to "order the post-war world ... ...
- Word Count: 1471
- Approx Pages: 6
- Has Bibliography
- Grade Level: Undergraduate