The two most prominent theories of macroeconomics to emerge during the 20 th century are the Keynesian Theory of Money and the Monetarism Theory. Keynesian thought traces back to the early part of the ...
Keynesian economics is a theory that government intervention is necessary during downturns. Tax cuts are a tool in Keynesian theory to stimulate economic activity. During recessions, Keynesian ...
Reading recent editorials on ‘secular stagnation’ by Lawrence Summers and Paul Krugman was like sitting in my economics 101 class in the 1950s. Most economic students then were taught the Keynesian ...
Great crises have a way of reminding us that acting as though we know perfectly well what the future holds almost always leads to disaster. That’s especially true in economics, which tends to ...
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 ...
At his Calafia Beach Pundit blog, Scott Grannis recently posted a pretty devastating critique of Keynesian economic theory and the abject failure of Keynesian fiscal stimulus in the period following ...
Some 63 years after his death, British economist John Maynard Keynes is enjoying a resurgence of popularity. Keynes' theories were considered radical in their time, but are now at the heart of the ...
Historical studies are enlivened by court intrigues, gossip and warfare. Language studies introduce students to rich literary traditions. The study of science or engineering offers the potential for ...
Former Norman B. Ture Senior Fellow in the Economics of Fiscal Policy J.D. served as the Norman B. Ture Senior Fellow in Economics of Fiscal Policy The global economy is in a deep, synchronized ...
Learn about Say's Law of Markets, how production drives economic demand, implications for growth and policy, and its ...
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