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 ...

It’s sometimes difficult to make fun of Keynesian economics. But this isn’t because Keynesian theory is airtight. It’s easy, after all, to mock a school of thought that is predicated on the ...

Libertarian hero Milton Friedman admired the prince of the New Deal? So says a long-lost essay.

He made this statement because Keynesian theory says government spending can boost “aggregate demand” and goose an economy. So less government spending obviously must be bad for growth.

Monetarism is a macroeconomic theory, which states that governments can foster economic stability by targeting the growth rate of the money supply.

Keynes the master Keynesian economics gets its name, theories, and principles from British economist John Maynard Keynes (1883–1946), who is regarded as the founder of modern macroeconomics. His most ...

J ust remembered this, in reference to the previous post. It’s from Keynes’ Tract on Monetary Reform, right after the famous line about us all being dead in the long run: Economists set ...

Keynesian economic theory: John Maynard Keyes theorized that investment capital and the multiplier effect of such investments influence economic growth and income. Kondratieff wave theory: Soviet ...

Keynesian economics is a theory that government intervention is needed to stimulate demand and stabilize the economy, particularly during recessions.

Indeed, Keynes told playwright George Bernard Shaw that the whole point of The General Theory was to knock away the Ricardian foundations of Marxism.

What Is the Keynesian Multiplier? The British economist John Maynard Keynes formally introduced the concept of the multiplier in his "The General Theory of Employment, Interest, and Money" in 1936.

IN THE years since the publication in 1936 of "The General Theory of Employment, Interest and Money", John Maynard Keynes’s name has been irretrievably linked to the idea that fiscal stimulus ...