Thursday, May 6, 2010

Why not a fresh counter revolution

The great depression of 1930s gave birth to waht is called 'Kenesian Revolution'. Then, during 1970s, world experienced another crisis in the form 'stagflation' which resulted in what is called 'Monetarist Counter Revolution'. Again, rcently, world economy experience severe economic crisis originated in the US. But, this time, why a fresh revolution did not appear?