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

Discover the concept of underconsumption, its role in economic theory, and real-world examples like the auto industry during ...

Central banks use macroeconomic models to help frame the issues that they face, to mold their ideas, and to guide them in their decisionmaking. While a wide range of models are available, economists ...

This essay appears in print in Economics After Neoliberalism. “Let’s bring our editorial microscope into focus on a very significant phenomenon,” the video begins. “The middle-income consumer.” ...

Michael Keating does not work for, consult, own shares in or receive funding from any company or organization that would benefit from this article, and has disclosed no relevant affiliations beyond ...

Should the United States adopt an amendment to the Constitution requiring a balanced budget? Keynesian economists say no. They believe that Congress needs the discretion to be able to run deficits in ...

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 ...