Keynesian economics is the perpetual motion machine of the left. You build a model that assumes government spending is good for the economy and you assume that there are zero costs when the government ...

But then Sheldon digs deeper, citing the work of Professor Larry White of George Mason University, and suggests that Keynesianism is popular because it provides hope for an easy answer. Lawrence H.

Harvard Historian Niall Ferguson has apologized for suggesting that John Maynard Keynes’ sexual orientation and lack of children made him indifferent to long-run economic issues. However, leaving the ...

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 ...

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 ...

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

To the growing list of famous mainstream macroeconomists who have publicly criticized their discipline, add another: In a recent essay, Lawrence Christiano of Northwestern University argues that the ...

It’s sometimes difficult to make fun of Keynesian economics. But this isn’t because Keynesian theory is airtight. It’s easy, after all, to mock a school of thought that is predicated on the notion ...

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 ...

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 ...

John Maynard Keynes was a 20th century British economist who developed a theory about government policy in relation to private sector business. His macroeconomics approach was to use ...

In The General Theory of Employment, Interest and Money, John Maynard Keynes wrote: The ideas of economists and political philosophers, both when they are right and when they are wrong, are more ...