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John Maynard Keynes is called as a decorated war hero for his economic work at the Treasury helping to finance World War 1. The Treaty of Versailles raised Keynes' public profile, but it was during the Great Depression that he achieved widespread fame. Keynes advocated for a ‘mixed economy', believing that during a recession a government should spend its way out by stimulating economic growth, and...
In this symposium our debates are mainly concerned on the role of ethics, religion, and ideology in economic development. Jochen Schumann provides a study on the economics of the Jewish, Christian, Islamic and Buddhist religions. Confucius is not a religion but has played a central role in the social order in the eastern Asian countries. According to the two main criteria to classify economic systems:...
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