Keynesian economics
Keynesian economics (/ˈkeɪnziən/ KAYN-zee-ən; or Keynesianism) is the view that in the short run, especially during recessions, economic output is strongly influenced by aggregate demand (total spendi...
Something's Happening But You Don't Know What it Is: Do You Mr. Krugman
Paul Krugman, Team Hillary's ace New York Times columnist, simply cannot find a kind word for Bernie Sanders or his idealistic supporters. "Sorry, but there's nothing noble about seeing your valu...
Underconsumption
In underconsumption theory in economics, recessions and stagnation arise due to inadequate consumer demand relative to the amount produced. The theory formed the basis for the development of Keynesian...
Birmingham School (economics)
The Birmingham School was a school of economic thought that emerged in Birmingham, England during the Post-Napoleonic depression that affected England following the end of the Napoleonic wars in 1815....
Stockholm school (economics)
The Stockholm School (Swedish: Stockholmsskolan), is a school of economic thought whose antithesis is the gold standard centered Austrian School of Economics. It refers to a loosely organized grou...
Stockholm school (economics) - Wikipedia
Spending multiplier
In economics, the fiscal multiplier (not to be confused with monetary multiplier) is the ratio of a change in national income to the change in government spending that causes it. More generally, the ...
Neo-Keynesian Economics
Neo-Keynesian economics is a school of macroeconomic thought that was developed in the post-war period from the writings of John Maynard Keynes. A group of economists (notably John Hicks, Franco Modig...
Neo-Keynesian Economics - Wikipedia
New Keynesian economics
New Keynesian economics is a school of contemporary macroeconomics that strives to provide microeconomic foundations for Keynesian economics. It developed partly as a response to criticisms of Keynesi...
Post-Keynesian economics
Post-Keynesian economics is a school of economic thought with its origins in The General Theory of John Maynard Keynes, although its subsequent development was influenced to a large degree by Michał K...
Lucas critique
The Lucas critique, named for Robert Lucas' work on macroeconomic policymaking, argues that it is naive to try to predict the effects of a change in economic policy entirely on the basis of relationsh...
Something's Happening But You Don't Know What it Is: Do You Mr. Krugman
Paul Krugman, Team Hillary's ace New York Times columnist, simply cannot find a kind word for Bernie Sanders or his idealistic supporters. "Sorry, but there's nothing noble about seeing your valu...
Hydraulic macroeconomics
Hydraulic macroeconomics is an informal characterization of certain types of macroeconomic study assuming aggregate social wealth (demand or supply) as somewhat smooth, constant and homogeneous. The t...
Hydraulic macroeconomics - Wikipedia
Robert J. Gordon
Robert James "Bob" Gordon is an American economist. He is the Stanley G. Harris Professor of the Social Sciences at Northwestern University. He is known for his work on productivity, growth, the cause...
Michael Woodford (economist)
Michael Dean Woodford (born 1955) is an American macroeconomist and monetary theorist who currently teaches at Columbia University.
Woodford holds an undergraduate degree from the University of Ch...
Military Keynesianism
Military Keynesianism is the position that the government should increase military spending in order to increase economic growth. The term is often used pejoratively to refer to politicians who reject...
Keynes family
The Keynes (/ˈkeɪnz/ KAYNZ) family is an English family that has included notable economists, writers, and actors.The descendants of Geoffrey Keynes (1887), are also related to the Darwin — Wedgw...
Post-war displacement of Keynesianism
The post-war displacement of Keynesianism was a series of events which from mostly unobserved beginnings in the late 1940s, had by the early 1980s led to the replacement of Keynesian economics as the...
Post-war displacement of Keynesianism - Wikipedia
Capitol Hill Babysitting Co-op
The Capitol Hill Babysitting Cooperative (CHBC) is a cooperative located in Washington D.C., whose purpose is to fairly distribute the responsibility of babysitting between its members. The co-op is o...
Capitol Hill Babysitting Co-op - Wikipedia
Stimulus (economics)
In economics, stimulus refers to attempts to use monetary or fiscal policy (or stabilization policy in general) to stimulate the economy. Stimulus can also refer to monetary policies like lowering in...
Neo-Keynesian economics
Neo-Keynesian economics is a school of macroeconomic thought that was developed in the post-war period from the writings of John Maynard Keynes. A group of economists (notably John Hicks, Franco Modig...
Neo-Keynesian economics - Wikipedia
Animal spirits (Keynes)
Animal spirits is the term John Maynard Keynes used in his 1936 book The General Theory of Employment, Interest and Money to describe the instincts, proclivities and emotions that ostensibly influence...
John Hicks
Sir John Richard Hicks (8 April 1904 – 20 May 1989) was a British economist and one of the most important and influential economists of the twentieth century. The most familiar of his many contributio...
Cambridge Circus (economics)
The Cambridge Circus or Keynes's Circus was a group of young Cambridge economists closely associated with John Maynard Keynes. The group consisted of Richard Kahn, James Meade, Joan Robinson, Austin R...
Cambridge Circus (economics) - Wikipedia
Effective demand
In economics, effective demand in a market is the demand for a product or service which occurs when purchasers are constrained in a different market. It contrasts with notional demand, which is the d...
Keynes effect
The Keynes effect is the effect that changes in the price level have upon goods market spending via changes in interest rates. As prices fall, a given nominal money supply will be associated with a la...
Paul Krugman
Paul Robin Krugman (born February 28, 1953) is an American economist, Professor of Economics and International Affairs at the Woodrow Wilson School of Public and International Affairs at Princeton Un...
Paul Krugman - Wikipedia
Transfer payments multiplier
In Keynesian economics, the transfer payments multiplier (or transfer payment multiplier) is the multiple by which aggregate demand will increase when there is an increase in transfer payments (e.g. w...