Which economic perspective did Galbraith support?
Classical Economics
Monetarism
Post-Keynesian
Supply-side Economics
Answer
Galbraith supported the Post-Keynesian perspective, which challenges traditional neoclassical economic theories. He believed that the economy was not self-regulating and that government intervention was necessary to achieve economic stability and growth. He argued that large corporations had too much power and that the government should use antitrust laws to promote competition.
The Galbraithian Quest: Uncovering the Legacy of John Kenneth Galbraith
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