What did Allais claim about Keynes’s fiscal policies?
He vehemently disagreed with them
He considered them perfect
He declared himself in favor of an important public sector
He thought they were too conservative
Answer
Keynes supported government intervention in the economy, especially during recessions, through increased government spending and lower taxes to stimulate demand. However, Allais believed a government could not simultaneously achieve full employment and price stability.
The Master of Modern Economics: The Maurice Allais Quiz
More Questions
What was Maurice Allais’s notable action during the inaugural meeting of the Mont Pelerin Society?
Which of these French economists was NOT influenced by Maurice Allais?
Who said, "Had Allais’s earliest writings been in English, a generation of economic theory would have taken a different course?"
Assar Lindbeck, the chairman of the Nobel selection committee, referred to Allais as "a giant within the world of what?"
In what city did Allais die?
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