ECLECTICS:WHAT DID WE LEARN FROM KEYNES?PART 7

another theory of consumption and investment and warned both could go down indefinitely and that economy would not leap towards full employment.He pointed out once decline set in,investment decline would eventually leads to wages'decline and crash purchasing power of the workforce and of whom would be declining in size as the decline grows in momentum.With declining income,there is declining spending and declining fund to be ploughed back into business to drive investment.This self replicating cycle would spell economic disaster without government intervention.The classical model that held equilibrium guarrantees prosperity :high employment,low inflation made keynes thought otherwise,a foolproof of Hegellian dialectics that thrives intellectual history.And there was no assurance aggregate intended expenditure equals GDP with the intention to grow full employment.He also challenged as completely irrational,the classical economists'view about flexibility of wages and prices where they assume all bussinesses