Publications
Publications
- November 1981 (Revised June 1998)
- HBS Case Collection
A Keynesian Cure for the Depression
Abstract
Keynes, in excerpts from a 1933 pamphlet, outlines his recommendations for recovery from the Depression. He emphasizes the need for public works expenditures financed by government borrowing and discusses the "multiplier" effect of deficit spending on gross national product. The case introduces Keynesian methods of macroeconomic analysis.
Keywords
Citation
McCraw, Thomas K. "A Keynesian Cure for the Depression." Harvard Business School Case 382-065, November 1981. (Revised June 1998.)