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The government of a country has introduced a few economic policies for the current financial year. Which of these policies is John Maynard Keynes
most likely to disagree with?
Food exporters can export as much wheat as they want, while in the past they were limited to 50 tons.
Textile importers can import up to $1 million worth of textiles.
Citizens working in foreign countries must send back a quarter of their income.
Entrepreneurs are no longer restricted from importing raw materials.
Automobile manufacturers can produce only 1,500 units per year.

User LiamK
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John Maynard Keynes, a renowned economist, is known for advocating active government intervention in the economy, particularly during economic downturns. Therefore, he would likely disagree with:

1. Citizens working in foreign countries must send back a quarter of their income.

2. Automobile manufacturers can produce only 1,500 units per year.

John Maynard Keynes, a renowned economist, is associated with Keynesian economics, which emphasizes government intervention in the economy to manage aggregate demand and stabilize economic fluctuations.

Keynesian economics generally advocates for active fiscal policies, such as government spending and taxation, to influence economic outcomes.

Given this perspective, the economic policy that John Maynard Keynes is most likely to disagree with is:

"Citizens working in foreign countries must send back a quarter of their income."

This policy involves a mandatory requirement for citizens working abroad to repatriate a portion of their income.

Keynesian economics typically supports individual freedom and is more focused on demand management through fiscal policy rather than direct control over individuals' income.

The other policies listed, such as allowing food exporters to export more, permitting textile imports up to a certain value, removing restrictions on entrepreneurs importing raw materials, and limiting automobile production, do not inherently conflict with Keynesian principles.

In fact, some of these measures might align with Keynesian goals of encouraging economic activity, trade, and entrepreneurship, while others might be considered neutral or unrelated to Keynesian economic principles.

User Magnus Johansson
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