ax the people. The Keynesian theories were well thought out but unfortunately, have not withstood the true test of time. While the theory exists well on paper, it just does not work out to be as balanced in the actuality; therefore, the tax policies are not realistic and are not a valid theory to support. BIBLIOGRAPHYLovewell. Play it again: Paul Samuelson and the Spending Multiplier [online].Available: http://www.ryerson.ca/lovewell/PIAG2.htmlAnonymous at http://nobel.sdsc.edu/laureates/economy-1970-1-bio.htmlSamuelson, Paul A., Foundations of Economic Analysis, Enlarged Edition, Harvard University Press, Cambridge, Massachusetts, August 1983.Samuelson, Paul A. and William D. Nordhaus, Economics, 16th Edition, University Press, Cambridge, Massachusetts, December 1997.Soros, George. “The capitalist threat.” The Atlantic Monthly, (1997): February, pp. 45(11)http://www.nobel.se/laureates/economy-1970-press.htmlSkousen, Mark. “Samuelson retreats (slightly) from socialism.” Human Events, 4/194, Vol.50 Issue 12, p11, 3/4p, lbw...
