You see an economist being interviewed on television and he says,"Neoliberalism has had dramatic and calamitous effects upon developing countries ...especially in the wake of the global financial meltdown.The government needs to enforce strict regulations on the banks and financial institutions of the North,or the global economy will fail." What kind of economist is he?
A) capitalist
B) Marxist
C) Keynesian
D) postmodernist

Question

Quizplus · Accepted Answer

The economist is advocating for strict regulations on banks and financial institutions, which aligns with Keynesian economic theory that emphasizes government intervention in the economy to stabilize it and prevent market failures. The reference to the calamitous effects of neoliberalism on developing countries also suggests a critique of free-market fundamentalism and a preference for more interventionist policies.

You See an Economist Being Interviewed on Television and He