4. Economists such as Frdric Bastiat believed in natural liberty, which is based on a belief that...

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4. 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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Economics

ISBN: 9781259193156

10th Edition

Authors: David Colander

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