Explore how aggregate demand and GDP connect and differ, using insights from Keynesian economics to understand macroeconomic ...

This column proposes a new paradigm to reconcile Keynesian economics with general equilibrium theory. It suggests that, just as it sets the fed funds rate to control inflation, the Fed should set a ...

Log-in to bookmark & organize content - it's free! University of California Santa Barbara economics professor Lanny Ebenstein taught a class comparing the work of John Maynard Keynes, Friedrich Hayek, ...

What was the relation between state and society during the “Keynesian” period? What distinguished US Keynesian planning was its concern with the reproductive sector. This was because US capital did ...

The income expenditure model of economics was developed by John Maynard Keynes to explain fluctuations in production of goods and services and spending. The model basically states that we produce as ...

This paper explores the implications for international monetary economics of recent work on macroeconomic models of temporary equilibrium with rationing. A model of a small open economy is presented, ...

Classical economy, whose beginning is usually traced to Adam Smith, found its best expression and also its end in David Ricardo. Ricardo, as Marx wrote, "made the antagonism of class-interest, of ...