The main plank of Keynes’s theory, which has come to bear his name, is the assertion that aggregate demand—measured as the sum of spending by households, businesses, and the government—is the most ...

government spending, and net exports. According to Keynesian theory, as demand increases, employment, income, and economic output should also increase. On the flip side, insufficient demand can ...

Population growth collapsed in the 1930s. This is another albatross for Keynesianism. The New Deal only begins to look ...

Most economic analysts predict that the US is about to enter into a cyclical recession. Even Austrian School economists (like ...

Keynes also introduced theories on how fiscal and monetary ... He also advocated increased government spending to resolve ...

Menger's theory was based on the ... business and government spending, is the most important factor in determining economic growth. Keynes believed passive free markets have no mechanism in ...

A Keynesian argument, and incorrect. For Friedman to then imply that government spending could be printed was for him to imply government possessing consumptive power that it quite simply doesn ...