“It is difficult to understand precisely what the state hopes to achieve by promoting the creation and perpetuation of a subclass of illiterates within our boundaries, surely adding to the problems and costs of unemployment, welfare and crime.” StatesProblemDifficultAchieveCrimeCreationCostBoundariesWelfareUnemploymentPromoting Author:William J. Brennan
“Keynes tried to show that market economies could settle in equilibrium states in which the labour market did not clear, and in which the level of unemployment was high. He believed that this was due to a particular example of market failure, developed in his concept of effective demand.” StatesShowsLevelsEconomyClearExampleParticularDemandConceptsDuesSettlingLabourUnemploymentEquilibriumMarket EconomyKeynesMarket Failure Author:Paul Ormerod