Sunday, March 25, 2012

US reality = Keynesian

An economic theory where the government intervenes in the market place as well as the monetary policies with the idea of ensuring economical growth and stability is a Keynesian economic theory. The U.S. industrial food economy has a lot of government intervention in various parts that labels is keynesian. For example, the FSIS is a branch of the U.S. government that overseas the safety of food delivered to consumers ensuring that people don't get sick and when people get sick, the source of the problem is identified and eliminated. The government also ensures in keeping the price of food produce stable in the market place which would be otherwise affected by external factors such as excessive production of such or underproduction of it due to biological factors. The government does this by paying of the farmers which also helps keeping farmers income stable and keeping consumers happy and the prices in the markets stable. With every looks of it, i would strong hold the ground that the U.S. reality is a keynesian one.

1 comment:

  1. Udi's specific knowledge about foreign policy in Africa is a great resource.

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