Children obesity in San Antonio

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[...] Mueller, D. C. (2003). Public Choice III. Cambridge: Cambridge University Press. Sawyer, P. A. (2004). Re-examining monetary and fiscal policy for the 21st century. Northampton: Edward Elgar Publishing. [...]

[...] This justifies the state intervention into controlling unemployment. The primary role of the state is govern social interactions in a way that either increases social welfare or is in accordance with a fundamental social contract (Mueller, 2003). The solution offered by Keynesian economics is one that advocates government intervention as a necessary element in order to achieve economic stability. Specifically, government spending, by increasing economic activity, can help stabilize prices and reduce economic fluctuations (Henderson, 2010). For Keynes, one successful way to regulate the economy especially during times of recession is for the government to spend on public welfare. [...]

[...] Clearly, these four broad areas show the interdependence of social needs and services with that of economic issues. In the early 20th century John Maynard Kaynes developed a body of theory that would allow the government to achieve these ends. Economics plays a major role in the creation of social policies. Consequently, this is also to note that social policies are intertwined with, if not greatly dominated by economic policies. Logically speaking, a government will always assess, evaluate and set an amount that it is able and willing to spend for the delivery of welfare services. [...]

[...] In a sense, it also implies a complementary relationship between the private sector and the public sector as represented by the government. Hence, an economic activity where private sectors are participants on one hand, and where there is government intervention on the other hand, is a very viable solution to the different social problems engendered by unemployment. Thus, a well-crafted set of social and fiscal policies will enhance the welfare of both current and future generations (Sawyer, 2004). Works Cited Barr, N. (2004). The Economics of the Welfare State. Oxford: Oxford University Press. [...]

[...] If this is the case, what economic policies then should a country adopt? What economic theory or perspective should the State carry out? At this point, it is therefore important for a State to adopt an economic stance and policies that lead towards a more or less stable economic situation so that the general welfare be secured through effective implementation of social policies. Under the Keynesian economics, contrary to the mainstream view that the economy is in a state of equilibrium, it advocates that the aggregate demand is not always equal to the aggregate supply. [...]