How Interest Causes Unemployment

Authors

  • Abdul Karim Abdullah (Leslie Terebessy) International Institute of Advanced Islamic Studies (IAIS) Malaysia

DOI:

https://doi.org/10.52282/icr.v4i2.480

Abstract

A number of nations are currently mired in an economic recession. Conventional economic theory seems unable to point to a way out. Many households, individuals, firms and even governments are trapped in sizable levels of debt. Keynes argued in favour of overcoming the Great Depression by raising government spending in order to stimulate economic growth. This was to be financed by borrowing. This solution worked then but is unlikely to work now, as many governments are already deeply in debt.

 

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Published

2013-04-15

How to Cite

Abdullah (Leslie Terebessy), Abdul Karim. 2013. “How Interest Causes Unemployment”. ICR Journal 4 (2):304-7. https://doi.org/10.52282/icr.v4i2.480.

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