Keynes challenged the fundamental theories of classical economics and influenced European and American economic policies throughout World War I, the Great Depression, and World War II. How did Keynes’ ...

Keynesian economists (of all stripes) want fiscal policy (essentially, government budgets) to increase consumer demand. This thinking has several problems. Keynes argued, however, that money borrowed ...

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 ...

"The biggest problem is not to let people accept new ideas, but to let them forget the old ones" – John Maynard Keynes. What would Keynes, the influence behind Keynesian economics, think of our ...

The fundamental principles of economics are based on human nature and do not change regardless of how they are interpreted. People behave certain ways on an individual and societal level based on the ...

Has another Great Depression begun? The stock market does not appear to think so, at least not right now. As of yesterday, the stock market was only down from its peak by 17.6%, below the 20% cutoff ...

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 ...

Keynesian economics is a macroeconomic theory that advocates for active government intervention to manage economic cycles, particularly during recessions and depressions. Developed by British ...

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 ...