The impact of the current financial crisis can indeed be limited by concerted, broad-based rescue plans as discussed by Olivier Blanchard and Carlo Cottarelli ("IMF Spells Out Need for Global Fiscal ...

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

People who support capitalism as a social system usually mean markets, economic freedom, and property rights. Those who oppose it think of “unbridled Laissez Faire,” meaning people hurting others ...

The worst crisis in the American and world economy since the Great Depression is based as much on societal self-deception as it is on home-mortgage loans, interest rates, banks, greed and consumer ...

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 ...

Laissez-faire economics have been kicking around for centuries. Here’s what the term means. The market knows best. That’s the core of the term laissez-faire. In an economy in which millions of people ...

Economics is a broad social science that studies factors that drive the supply and demand of limited resources. Economic resources are commonly defined as land, labor and capital. Two basic types of ...

In 1776, Adam Smith published, “The Wealth of Nations” and, for the most part, the near 1,000-page document confused, perplexed or completely lost many readers in what some considered a wandering and ...