During the Great Depression of the 1930s, existing economic theory was unable either to explain the causes of the severe worldwide economic collapse or to provide an adequate public policy solution to ...

Keynesian economics is a theory whose premise is that aggregate demand is a primary driver of the economy and employment. Keynesian economics is an economic theory, and the basic premise is that ...

Mexico receives an estimated $63 billion worth of remittances from U.S. workers annually. The impact of remittances on Mexico ...

Discover the main factors of economic policy that, according to Keynesian economic theory, drive the marginal propensity to consume.

Due to his contributions to modern economic theory, Keynes was made a member of the House of Lords in 1942, accepting the ...

Keynesian economics comes from economist John Maynard Keynes, author of the 1936 book "The General Theory of Employment, Interest and Money." Keynes believed the government could manage demand to ...

Needless to say, Keynes was wrong - especially about Americans ... On the Planet Money episode, the hosts put Freeman's theory into simpler terms. The substitution effect is the opposite of ...

This is a perfectly passable one-sentence summary of Keynesianism, the theory elaborated by JM Keynes in his big book of 1936, the General Theory. One more perfectly passable summary: The ...