The main plank of Keynes’s theory, which has come to bear his name, is the assertion that aggregate demand—measured as the sum of spending by households, businesses, and the government—is the most ...

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 ...

In The General Theory, J.M. Keynes allegedly “discredited” Say‘s Law. Of course, Keynes actually debunked a straw man that ...

Will The Central Bank Step In?” That headline, on Wednesday, April 9, couldn’t be more misguided. It should terrify everyone ...

Keynesian economics comes from economist John Maynard Keynes, author of the 1936 book "The General Theory of Employment, Interest and Money." Keynes believed the government could manage demand to ...

The fear of boom and bust cycles, unique to our policymakers, once the economy exceeds an annual growth rate of more than 4%, ...

Life-Cycle Hypothesis vs. Keynesian Theory The LCH replaced an earlier hypothesis developed by economist John Maynard Keynes in 1936. Keynes believed that savings were just another good and that ...

A key aspect of Keynesian theories is that a classical economics based on truisms relevant to the individual (thrift, savings, income greater than expenses) does not automatically apply to an ...

If you can only read one book about economics, I would highly recommend “How Economics Explains the World: A Short History of Humanity” by Andrew Leigh, published by Mariner Books, 2024.

33, No. 3, Summer 2019 Retrospectives: Lord Keynes and Mr. Say:... Since the publication of Keynes's General Theory of Employment, Interest and Money, generations of economists have been led to ...

Join us for the 2025 Economica-Phillips Lecture which will be delivered by Valerie Ramey. Starting in the 1930s, Keynesian fiscal stimulus was the leading policy tool for fighting recessions, but it ...