Discover how Keynesian economics can stabilize economies by mitigating boom-bust cycles, as pioneered by John Maynard Keynes in transforming economic theory.

Discover how demand-side economics supports economic growth through government intervention and increased aggregate demand. Learn key concepts and real-world policy examples.

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 Democrats’ “affordability” finger-pointing is designed to avoid electoral accountability for causing the problem.

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 ...

A number of economists have recently been debating what is wrong with macroeconomic modelling today. The University of Chicago's John Cochrane, Oxford’s Simon Wren-Lewis, Berkeley’s Brad DeLong, and ...

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 ...