This column proposes a new paradigm to reconcile Keynesian economics with general equilibrium theory. It suggests that, just as it sets the fed funds rate to control inflation, the Fed should set a ...

Years of economic turmoil have re-ignited the debate about Keynesianism. As the financial crisis caused mass unemployment, Keynes appeared to have been proven right; Keynesians took over policymaking ...

Before Keynes, Conventional Economic Thought (CET) was based on three principles. The first principle is that unemployment is automatically eliminated by the free market. The second principle is the ...

This is a preview. Log in through your library . Journal Information History of Economic Ideas is a new international series of Quaderni di storia dell'economia politica, a journal founded in 1983 to ...

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 ...

John Maynard Keynes (1883-1946) is undoubtedly the most influential and eminent economist of the past century. His ideas have had an abiding influence on policymakers across the world, who to this day ...

Leading economists like John Maynard Keynes and Irving Fisher had forecast prolonged and permanent prosperity, just prior to the Great Depression of 1929. The shock of the Great Depression led Keynes ...

URGENTLY needed: a firebrand economic genius to get us out of this mess. Did you know with a Digital Subscription to The Scotsman, you can get unlimited access to the website including our premium ...

Before I explain why Seattle should adopt a zero unemployment program in the manner it adopted Sawant's call for a $15 minimum wage in the middle of the previous decade, I want to provide the needed ...

Bloodletting is the withdrawal of blood from a patient to cure or prevent illness. It was based on an ancient system of medicine in which the proper balance of bodily fluids like blood were considered ...