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

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 ...

Before Keynes, Conventional Economic Thought (CET) was based on three principles. The first principle is that unemployment is automatically eliminated by the free market. The second principle is the ...

This is a preview. Log in through your library . Journal Information History of Economic Ideas is a new international series of Quaderni di storia dell'economia politica, a journal founded in 1983 to ...

It is clear that the Marxian theory of the reserve army of labor, which shows how unemployment arises and why it is necessary to capitalism, provides a much better understanding of the current plague ...

John Maynard Keynes (1883-1946) is undoubtedly the most influential and eminent economist of the past century. His ideas have had an abiding influence on policymakers across the world, who to this day ...

Leading economists like John Maynard Keynes and Irving Fisher had forecast prolonged and permanent prosperity, just prior to the Great Depression of 1929. The shock of the Great Depression led Keynes ...

JOHN MAYNARD KEYNES ranks with Adam Smith and Karl Marx among economists in the influence that his views have exerted on the general public. He had the vision to see that economics lacked a general ...