Critical Review Name of Student University Critical Review Keynesian economics focuses on state intervention. The interventions are sound only to a certain point. State interventions across different economies have had both a positive and negative effect. The collapse of the Asian tigers in the 1980s illustrates the fallacies the Keynesian theory affirms and which needs correction before implementation. Practically, the state needs to offer direction and leadership, through fiscal and monetary policy. However, Keynes opined that states had to have budget deficits during recessions, which affects the ability of private companies from accessing investment (Kates, 2016). Recession hurts...