Keynesian economics is a macroeconomic theory that advocates for active government intervention to manage economic cycles, particularly during recessions and depressions. Developed by British ...
Should the United States adopt an amendment to the Constitution requiring a balanced budget? Keynesian economists say no. They believe that Congress needs the discretion to be able to run deficits in ...
In 1776, Adam Smith published, “The Wealth of Nations” and, for the most part, the near 1,000-page document confused, perplexed or completely lost many readers in what some considered a wandering and ...
On September 9, 1938, John Maynard Keynes, fifty-five years old and the most famous economist in the world, read his essay “My Early Beliefs” to the Memoir Club, a circle of Bloomsbury Group friends ...
This article was originally on a blog post platform and may be missing photos, graphics or links. See About archive blog posts. Europe has turned to fiscal austerity, voluntarily or otherwise. Japan’s ...
Chancellor Rishi Sunak’s newly unveiled national spending plan is the biggest “Budget giveaway” since 1992, according to the Office for Budget Responsibility (OBR). The Budget 2020 in a nutshell Rishi ...
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 ...
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 ...
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