Economists such as Frdric Bastiat believed in natural liberty, which is based on a belief that a
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Economists such as Frédéric Bastiat believed in natural liberty, which is based on a belief that a God has naturally ordered the world for the benefit of all. According to these economists, saving was a virtue because it potentially led to increased consumption in the future, a belief that Keynes asserted is based on a belief in one’s immortality. Does this mean that Bastiat and Keynes would differ in their views about how to address the unemployment problem? How? (Religious)
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Yes I believe it would If the level of savings influences the leve...View the full answer
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