world.gif (10689 bytes)The 1930s

"The Congress hereby declares that it is the continuing policy and responsibility of the Federal Government to . . . promote maximum employment, production and purchasing power."  

" the great enemy of truth is very often not the lie - deliberate, contrived, and dishonest - but the myth, persistent, persuasive, and unrealistic."

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Overview: The Setting
The Incumbent: Classical Economics Outline
The Challenger: Keynesian Economics Outline

A mathematical treatment