JOHN MAYNARD KEYNES ranks with Adam Smith and Karl Marx among economists in the influence that his views have exerted on the general public. He had the vision to see that economics lacked a general ...

Forbes contributors publish independent expert analyses and insights. Hersh Shefrin analyzes how psychology impacts markets and policy. John Maynard Keynes’ book The General Theory of Interest, ...

That President Trump’s economic policies are spurring economic growth would come as no surprise to any follower of the great economist John Maynard Keynes. Keynes famously argued that governments ...

In rural America years ago, a home’s water supply required a well and a hand pump. And placed on or near each well, usually, would be a can or jar of water. It was not there for thirsty people to ...

When it comes to understanding the nature of money, times of political tranquility can prove deceptive. The relatively stable order of things gives money the appearance of being natural and ...

Just how important is money? Few would deny that it plays a key role in the economy.­ During the Great Depression of the 1930s, existing economic theory was unable either to explain the causes of the ...

Keynesian economists (of all stripes) want fiscal policy (essentially, government budgets) to increase consumer demand. This thinking has several problems. Keynes argued, however, that money borrowed ...

Keynesian economics is a macroeconomic theory that advocates for active government intervention to manage economic cycles, particularly during recessions and depressions. Developed by British ...