squarepush3r
Well-Known Member
http://en.wikipedia.org/wiki/Isolationism
Isolationism is the policy or doctrine of isolating one's country from the affairs of other nations by declining to enter into alliances, foreign economic commitments, foreign trade, international agreements, etc., seeking to devote the entire efforts of one's country to its own advancement and remain at peace by avoiding foreign entanglements and responsibilities. Two other terms often confused with Isolationism are:
Non-interventionism (this is what RP's view can closely be categorized as) Says that political rulers should avoid entangling alliances with other nations and avoid all wars not related to direct territorial differences (self-defense). However, most non-interventionists are supporters of free trade, travel, and support certain international agreements, and therefore differ from isolationists.
Protectionism Relates more often to economics, there should be legal barriers to control trade and cultural exchange with people in other states.
Here is a graphical representation
This is what Keynesian is about
Keynes was quite clear on one point: it does not matter what the government invests in. It does not matter if the government spends every dime on building pyramids. Or the government can bury paper money in jars, and hide these jars around the community. This way, individuals will have an incentive to go out and dig up jars of money, and therefore this will stimulate the economy. You might think I am exaggerating here, but this is specifically what Keynes taught in his supposedly magnum opus, The General Theory of Employment, Interest, and Money (1936).
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