Elucidate economic school of thought does obama

Reference no: EM1333209

Introduction of paper and how Obamanomics affects the world

What is Obamanomics? It is President Obama's vision of economic prosperity focusing on "bottom-up" economic policies versus the "trickle-down" policies of Presidents prior to his present administration.

What economic school of thought does Obama base his economic prescriptions? Detractors accuse him of some leaning towards socialism. However, Obamanomics is simply "Keynesian Economics".

John Maynard Keynes was a 20th century British economist. His famous work called " The General Theory of Employment, Interest and Money" in 1936 summarizes the key points of his arguments.

Some discussion of how Heilbroner a philosopher and economist saw the future of capitalism in the 30's and 40's and how these visions are coming to life.

Conclusion of paper that will close the argument that this guy has no clue on how to run a world power or a subway sandwich shop. Of course from a very conservative point

Reference no: EM1333209

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