Keynesian economics is a theory whose premise is that aggregate demand is a primary driver of the economy and employment. Keynesian economics is an economic theory, and the basic premise is that ...

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 ...

President Nixon raised eyebrows in 1971 when he declared, “I am now a Keynesian in economics.” The Republican president was referring to the economic theories popularized years before by Britain’s ...