Last modified: 2015-10-12
Abstract
The world and the economic life in the beginning of the twentieth century are characterized by important changes. All of these changes gave birth to a new and totally different world in comparison to the world that existed in the previous centuries. The most significant fact, concerning the twentieth century, is the growing influence of the government in the economic system. The important role of the state is naturally connected with more taxes and more public spending. The Keynes’ economic view imposes the necessity of active participation of the government in the economy and the use of fiscal policy for economic regulation. In this aspect the question of present interest is to what extent the use of public spending and taxes will be successful in achieving sustainable economic development, stable economic growth and in building up a competitive economy.
In the present research the object of analysis is public policy in the society and its subject – the Keynes’ economic point of view concerning public policy in the society. The main goal is to analyse critically the origin and evolution of Keynes’ economic view concerning public policy in the society. The purpose is to justify the necessity of critical analysis concerning the history of economic thoughts about public policies.