It was necessary for the government to intervene, to 'fine-tune' the economy by running demand-management polices; these were to counter current trends in the trade cycle - to speed up activity when there is too l! ... Keynes turned his thoughts to the design of international financial institutions calculated to limit the spread of depression. ...

• Word Count: 1299
• Approx Pages: 5
• Grade Level: Undergraduate

The guild-liberated entrepreneur could accomplish this in numerous ways: he could recruit cheaper (albeit less-skilled) labor from the hinterlands than in the urban centers; he could use innovative equipment that had been banned by a guild; the only limit on the number of workers he could employ was the upper limit of his pocketbook; he could lower the quality of his product as much as he thought his targeted market would allow (Duplessis, 121). ...

• Word Count: 2084
• Approx Pages: 8
• Has Bibliography
• Grade Level: Undergraduate

It was necessary for the government to intervene, to 'fine-tune' the economy by running demand-management polices; these were to counter current trends in the trade cycle - to speed up activity when there is too little, to slow it down when there is an excess. ... As the war drew to a victorious conclusion, Keynes turned his thoughts to the design of international financial institutions calculated to limit the spread of depression. ...

• Word Count: 1471
• Approx Pages: 6
• Grade Level: Undergraduate