Keynesian economics comprises a body of theory and ways of thinking about the functioning of the aggregate (macro) economy that derives its inspiration from J.M.Keynes’s General Theory of Employment, Interest and Money (1936), and from the work...

The most influential Western economist of the twentieth century. With the benefit of an academic background (his father John Neville Keynes wrote an important book on economic methodology before becoming a university administrator), a brilliant degree...

A distillation of the ideas in Keynes’s General Theory into a macroeconomic theory and policy consisting principally of a model of aggregate income and expenditure using IS-LM curves, an emphasis on the importance of the investment MULTIPLIER, an...

John Maynard Keynes (1883–1946) was a British economist who was closely involved with practical politics in the 1920s and 1930s, especially with the Liberal Party and their senior political leaders both at the Versailles Peace Conference and...

Keynesian economics (pronounced /ˈkeɪnziən/, "kane-zeean"), also called Keynesianism or Keynesian Theory, is an economic theory based on the ideas of the 20th-century British economist John Maynard Keynes. Keynesian economics promotes a mixed...

That anyone can still believe Keynes's General Theory holds any answers to the world's economic problems is one of those sad facts that make one realize just how difficult it is to gain headway in the dismal science. An article on John Maynard Keynes...

The book gives a rather detailed overview of what is usually called New Keynesian Macroeconomics. The title "The New Keynesian Economics" alone justifies this book, because the authors make clear that the new research fields in Keynesian economics are not to be found...

Leadership: When it comes to economic performance, there's no contest: Apart from the early years of the Depression, Jimmy Carter's brief tenure as president was the worst in the 20th century.Carter's rather smug attempt to rank President Bush as the worst president ever wouldn't be...

Leadership: Of all the errors Jimmy Carter committed, none has earned him more well-justified scorn than his handling of the 1970s energy crisis. True enough, he didn't cause it. But he did make it much, much worse.It might come as a surprise, but we agree...