The General Theory of Employment, Interest and Money, 1936"
Practical Management Science
6th Edition
ISBN:9781337406659
Author:WINSTON, Wayne L.
Publisher:WINSTON, Wayne L.
Chapter2: Introduction To Spreadsheet Modeling
Section: Chapter Questions
Problem 20P: Julie James is opening a lemonade stand. She believes the fixed cost per week of running the stand...
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In this "The General Theory of Employment, Interest and Money, 1936". John Maynard Keynes stated that " When the capital development of a country becomes a by-product of the activities of a casino, the job is likely to be ill-done."
Do you agree with Keynes statament the market failure is inevitable in financial markets? Justify your answer with the reference to economic theory and evidence.
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