The Impact of Keynesianism on Macroeconomic Policies of a State Essay

The Impact of Keynesianism on Macroeconomic Policies of a State - Essay Example This paper offers comprehensive review of the successful applications of Keynesianism concepts in the macroeconomic policies of different countries. Also fundamental changes in the macroeconomic methodology, introduced by Keynes is under consideration It is clear that to try and characterize a Keynesian policy regime is very difficult. Most authors concur in seeing the policies pursued in early postwar Britain as deserving that name, with however much qualification. Perhaps the best term is simple or hydraulic Keynesianism Simple Keynesianism is a term employed by Alan Booth to describe how the very broad agenda of 1930s Keynesianism was narrowed, by going through the Whitehall machine in the later years of the war, so that by the late 1940s the Keynesian program focused primarily on the simple manipulation of aggregate demand. This program did not have much impact on policy in the early postwar years because of the government's emphasis on controls and planning, but after 1947 it became more important as fiscal policy displaced physical controls. In broader perspective, the impact of this regime in creating the concurrent period of full employment has been much debated. An early postwar generation tended to see a direct line from Keynesian theory to Keynesian policy to full employment. A one-sentence summary of the existing literature on the Keynesian revolution in economic policy with regard to Britain in the 1951-64 period would suggest that "much ado about nothing" would be a considerable exaggeration; but the positive benefits to the economy of this regime have to be set clearly in the context of international boom that characterized this period, a boom in which countries with variant policy regimes participated.

Rhetorical analysis Essay Example | Topics and Well Written Essays - 1000 words - 3

Rhetorical analysis - Essay Example The audience, who happen to be the citizens of United States and Ohioans to be precise, and the topic, came in time when the United States was in a verge of collapsing economically and addressing economic issues and combining them with the political good will was objective. The use of pathos, logos and ethos by the Ohio governor, Mr. John Kasich, combined with imagery and rhetoric questions was not only objective but convincing in delivery of his speech on opportunities and the appropriate approach to end the Ohioans’ misery of poverty and joblessness. The use of imagery to describe the wellbeing of Ohioans in the wake of a new political era drove the point home of what Ohioans wanted for a long time. For instance the use of â€Å"digging into a bowl of chicken soup at a Bob Evan’s restaurant† signifies the economic wellbeing of the consumer, who in this case is the Ohioan, which is a revelation of good leadership focusing on the common citizen. This is because n ot all of Ohio residents would afford chicken and/or an expensive meal in one of the remarkable restaurants and creating job opportunities would somehow guarantee such a meal even if it means thrice a week. The use of figurative language in the description of importance of helping the poor, Mr. John Kasich drives his point home and the authoritative aspect of his speech is broadly brought out. For instance, when he stresses out the need for uplifting the needy by asking, â€Å"when you die and go to heaven, St. Peter is not probably going to ask you much about what you did to keep the government small, but what you did for the poor†, he broadly brings out the political will he has for the people of Ohio and the outcome of his actions which will be graded by satisfaction of the people. As an experienced politician and longtime serving public servant, Mr. Kasich uses ethos to lure Ohio residents into re-electing him again in the polls. For instance, his experience on matters of finance and taxation enabled him sign the biggest tax cut in the country after converting a $7.7 billion budget deficit into a $2.5 billion surplus. The authoritative aspect is brought out by his connective aspect of politics and religion in a bid to drive his mission of â€Å"More Aid for Poor† forward and still maintaining the cliche of the people and political future. For instance, by arguing that he was raised as a catholic but drifted in faith at adulthood converting to evangelical protestant for the last 25 years and claiming that â€Å"to a larger mission one of his Christian faith has called him to shoulder; helping the poor, the beleaguered and the downtrodden, and trying to heal them and lift them up, shows the connective aspect of politics and religion in a bid to solve the long-term historical miseries. The timing of the speech rhymed well with the economic hardship moment in the United States economy in that during the time there were struggles by the national government to increase national tax to finance its spending. The use of a practical approach, guided by his exemplary experience in the management field, gave him a hand of driving his agenda home and convincing the residents. His agenda