I got this email from Robert Reich about John Maynard Keynes can anyone help explain his answer and or post where in his book he talks about this thank you for answering ?
He didn’t use the word “infrastructure,” which came into general usage
long after the 1930s, but he wrote at length about the importance of
government public-works projects when consumers and businesses failed to
spend or invest enough to maintain adequate demand. You should read his
famous “General Theory…” from 1936 (I believe that was the year).
Thanks for writing.
Hello Mr. Reich my question is does infrastructure spending have anything
to do with keynesianism ? I have looked at the general theory of
employment interest and money by John Maynard Keynes but I can't find
anything about infrastructure do you know if he spoke about this ? Correct
me if im wrong but doesn't Keynes say Government Spending puts money in
the pockets of the Consumers and they spend money in the Private Sector
which will create demand which will create Jobs thank you ?