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True or False
1. John Maynard Keynes' ideas were shaped by economic problems in Britain after World War I,
as well as by the Great Depression of the 1930s.
2. Leo Panitch claims that Marx foresaw the instability of global capitalism, and its tendency to
experience periodic "crisis" or depression/recession.
3. John Maynard Keynes was an economist who strongly believed in laissez faire , the idea that
government should generally "leave the market alone."
4. Keynes was strongly influenced by the ideas of Karl Marx, and like Marx, he believed that
capitalism would collapse from its internal contradictions.
5. Harry Braverman disagreed with Frederick Taylor's claim that scientific management would
reduce the cost of production.

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